Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous
Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous
You can deduct gambling losses if you itemize your deductions on your tax return, but you cannot deduct more than the gambling income you received You'll need
For New York income tax purposes, gambling loss deductions are limited to the amount of gambling income reported on your return Other
losing lottery tickets Deducting Gambling Losses · All Gambling Winnings Are Taxable Income · All Your Winnings Must Be Listed On Your Tax Return · Gambling Losses May Be Deducted Up to
losing lottery tickets second chance And, gambling losses can only be deducted if you itemize deductions on your tax return That means if you
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