How long to save losing lottery tickets?

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You cannot deduct gambling losses that are more than your winnings The Maine State Lottery does not collect non-winning tickets and does not send you a tax

Even if you buy other tickets during the year, you can only deduct the cost of the winning ticket You cannot deduct losses you claim as itemized

can you check lottery tickets online Even wins as small as $1 should be reported to the IRS, but you can deduct gambling losses to help offset taxes on any winnings Whether you are playing a

can i use pcie 40 in 50 slot Thus, you should never tell the attendees at a bingo night, purchasers of lottery tickets, or casino night bettors that the money they spend is tax deductible