Writing off gambling losses to offset a winning lottery ticket? : rtax

Yes, but only if you itemize deductions on your federal income tax return That's not good news for most filers

To claim a winning ticket with a value larger than $600, you must present proof of your Social Security number or Federal Tax ID number and a photo ID to prove

losing lottery tickets second chance Gambling losses are indeed tax deductible, but only to the extent of your winnings and requires you to report all the money you win as taxable

losing lottery tickets To claim a winning ticket with a value larger than $600, you must present proof of your Social Security number or Federal Tax ID number and a photo ID to prove