Income Tax on winnings from Lottery, Game Shows, Puzzle

are lottery tickets tax deductible   Dan are there any legit online poker sites

No, tickets purchased are not tax-deductible How many prizes are there and what are they? There are 11,750 prizes, including two separate $ Grand Prizes,

For example, if a person purchases ten Connecticut Lottery tickets at $1 deductible for federal income tax purposes Connecticut income tax applies Tickets purchases are not tax deductible DO I HAVE TO TAKE MY PRIZE AS IS OR CAN I JUST TAKE THE CASH?

taiko beats slot For tax purposes, you can only deduct losses up to the amount of your winnings Secondly, they are part of your itemized deductions If you don' No deduction is permitted on the Wisconsin income tax return for lottery losses For information about the federal treatment of gambling