Won a lottery or prize money in India? Here's what you need to know

can you write off lottery tickets
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You can claim all your losses as an itemized deduction, you DO NOT have to mail the IRS the receipts, they should accept your number Upvote

The IRS considers net lottery winnings ordinary taxable income So after subtracting the cost of your ticket, you will owe federal income taxes

candy rush slot demo If you ever find yourself in the extremely lucky situation of winning the lottery, you might wonder if any of your winnings will get taxed Can you write off

can i buy dubai duty free lottery ticket online For example, assume a nonresident purchases Connecticut Lottery tickets do the proceeds from any one winning wager exceed $5,000 The winner will