Mr Lotto: How to handle losing lottery tickets with the taxman

Claim a Prize can you claim losing lottery tickets on your taxes If your only “proof” is a bunch of losing lottery tickets without receipts proving that you purchased them, the IRS will deny the deduction can i buy lottery tickets with a credit card Generally, you report all gambling winnings on the “other income” line of Form 1040, Individual Income Tax Return 4 You can claim your gambling losses

can you predict the lottery Upon receipt of your paperwork and your ticket, your ticket must be validated by the Lottery Commission If the ticket and prize claim are fully validated and