Tax on PA Lottery Cash Prizes

can you use losing lottery tickets on your taxes
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You must present your game ticket in order to receive your winnings Why should I sign my ticket? Like currency or dollar bills, Lottery tickets are 'bearer

You can deduct your losses on gambling to include lotteries, raffles, horse racing, casino games, poker games and sports betting, according to Moreover, you should use gambling losses as tax deductions only if the total of all your itemized deductions exceeds the standard deduction you're entitled to

jennifer lopez mom lottery The losses you deduct can't be more than your reported gambling income Gambling losses can be devastating to an individual and their family and loved ones  As per the IRS “You may deduct gambling losses only if you itemize your deductions on Schedule A and kept a record of your winnings