Writing off gambling losses to offset a winning lottery ticket? : rtax

can you claim lottery losses on taxes
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You may deduct gambling losses if you choose to claim Minnesota itemized deductions You cannot deduct more in gambling losses than you report

But you can deduct losses up to the winning amount on your tax return “Keep in mind, the standard deduction amount is very high, and most You can't cut down your gambling winnings with your losses, either But you can deduct losses up to the winning amount on your tax return

redchip poker Generally, you cannot deduct gambling losses that are more than your winnings We do not tax California Lottery or Mega millions Visit However, gambling losses can offset tax liability, but only to the extent of winnings and only if you itemize your deductions You first need to owe on the