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Some lottery winners missing their jackpots
I recently read everyone who plays should save all there losing tickets.When you do your annual taxes, those losing tickets can be used to offset taxes applied to large winning tickets. So not only do I save my losing tickets, I occasionally double check my losers. I check them on the state website and the retailers barcode machines. So if I overlook a winner, I may find it when I double check them. So far I have found a couple one dollar winners. I never give my tickets to a retail store clerk
Dec 16, 2007, 3:37 pm - bigbankhank$ - Lottery News
New York Dream Team 10/1/12 - 10/31/12
You may not have to pay any taxes, just save all your losing tickets and you can write them off.
Oct 28, 2012, 8:36 pm - tiger13 - Pick 3 Forum
has anyone won $1000 on a $10 scratch ticket in nh?
Not sure about taxes, but you should save all your losing tickets when its time to file.
May 31, 2012, 8:26 am - RedStang - Instant ("Scratch-Off") Games Forum
New York: 10/1 - 10/31/2010
I was about to separate my receipt (goes in shoe box for taxes) from my tickets
taxi tell me how you do that...you have to save the reciept or the tickets...how are you able to claim your losses on your taxes.. i thought you save the ticket,
Oct 2, 2010, 6:40 pm - headcrack - Pick 3 Forum
Do you save your tickets?
are you saying that the old lottery tickets i have save for years are good for taxes because i have tickkets from 2003and 2004-2005-2006-2003i have a stack too
Mar 28, 2008, 6:17 pm - xthundercat2003 - Lottery Discussion Forum
do we have to pay any tax if win small?
If you do win enough to have to pay taxes, just save your losing tickets to write off some of the winnings when you itemize your taxes.
Nov 22, 2004, 11:20 am - KyMystikal - Lottery Discussion Forum
North Carolina: 4/1 - 4/30/2019
They monitor those sites for such....save them to offset any wins you might have...say you hit pick 4 ....you report your winning and then you can deduct your losses up to the amount you won...you receive credit for the taxes that were deducted by the lottery..and reduce any further tax obligation on that win. You have to save the tickets to claim them as a loss though. So I only throw tickets away at the end of the year, if I had no reportable wins...
Apr 6, 2019, 12:49 am - JAMORA - Pick 3 Forum
New York Dream Team 12/01/18 - 12/31/18
save every time dated ticket and all the ones you can find.Back those taxes down.Scratch offs won't count.I have several convenience stores save me the losing tickets people toss.Have a friend up the road hardcore player ,she hits Take 5 two at least times a year .She has all losing tickets filed away for tax purposes.
Dec 12, 2018, 10:42 am - loonasee2 - Pick 3 Forum
New York Dream Team 08/01/17 - 08/31/17
uni side note : start save your non-winning time and dated stamped lottery tickets.So you don't pay any tax on your win.You write off your losses with time dated stamped lottery tickets when you do your taxes. just sayin lol ,.........and good for you congrats (dream believer now).
Aug 6, 2017, 10:10 am - loonasee2 - Pick 3 Forum
Florida Scratch Offs - Post Pictures if posible
was talking to Big Jim a little while ago - he won $500K in May - sez he talked to a CPA who told him he doesn't need to save any losing tickets to deduct because he already paid taxes - the $125K they with held - Jim doesn't make much money and is in a low tax bracket and will not file a long form - the CPA also sez he will probably get a refund........ I've heard too many stories about saving/buying losing tickets to deduct .......besides that Jim sez he doesn't want to take a chance on anythi
Dec 26, 2016, 5:37 pm - skeptic - Instant ("Scratch-Off") Games Forum