How to write off lottery, sports gambling losses on your taxes

can you write off lottery tickets
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Gambling winnings also include door prizes, contest prizes, and prizes from raffles or similar drawings Gambling winnings do not include state lottery winnings

can you buy lottery tickets with credit card The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

can slot machines be adjusted You may deduct gambling losses if you itemize your deductions You can deduct your losses only up to the amount of your total gambling winnings You must