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Do you save all your losing tickets?

Topic closed. 15 replies. Last post 4 years ago by addai1516.

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WilliamJohns's avatar - Trek HAND3.gif
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Posted: July 19, 2010, 7:20 pm - IP Logged

I apologize if this has been asked before, but do you save all your old tickets that are not winners?

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    Massachusetts
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    Posted: July 19, 2010, 7:41 pm - IP Logged

    Yeah I do. People said I should save them to claim on my taxes if I expect to win big (which I do).

      Litebets27's avatar - power
      Maryland
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      Posted: July 19, 2010, 7:59 pm - IP Logged

      Yes I do.   For tax purposes.

      Feeling,  PRICELESS!!!Banana

        rdgrnr's avatar - walt
        -Ridge Runner- Oracle of the Appalachians
        Way back up in them dadgum hills, son!
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        Posted: July 19, 2010, 8:00 pm - IP Logged

        I apologize if this has been asked before, but do you save all your old tickets that are not winners?

        I am told you can deduct them dollar for dollar against your claimed winnings.


                                                     
                             
                                                 

         

         

         

         

                                                                                                           

        "The only thing necessary for evil to triumph is for good men to do nothing"

                                                                                                    --Edmund Burke

         

         

          Litebets27's avatar - power
          Maryland
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          Posted: July 19, 2010, 8:06 pm - IP Logged

          It's a good idea to have a couple of bags full with you when you're being audited....Thud

          Feeling,  PRICELESS!!!Banana

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            Posted: July 20, 2010, 12:33 am - IP Logged

            I've been tossing them, but its only been a couple of weeks of Fantasy 5, and then I moved over to Daily 3 this weekend.

             

            I think I might just keep tossing them, as I really don't have space for a bundle of garbage, plus I think they may have bad energy.  I need as much good Karma as possible. :)

             

            fwiw - girl

              rcbbuckeye's avatar - Lottery-043.jpg
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              Posted: July 20, 2010, 8:20 am - IP Logged

              I've saved them for years. If I win enough to claim on my taxes then they will come in handy. For some unknown reason, I have losing tickets from several years back. Guess it's time to get rid of them.

              CAN'T WIN IF YOU'RE NOT IN

              A DOLLAR AND A DREAM (OR $2)

                mitch13's avatar - darksword
                northwood,ohio
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                Posted: July 20, 2010, 8:31 am - IP Logged

                Hell no ,it would make me  a little sick........... You can't win if you don' play .

                  Raven62's avatar - binary
                  New Jersey
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                  Posted: July 20, 2010, 8:54 am - IP Logged

                  I apologize if this has been asked before, but do you save all your old tickets that are not winners?

                  Why apologize? Use Lottery Post Forums Search before you ask:

                  http://www.lotterypost.com/search/forums?t=all&q='save+tickets'

                  A mind once stretched by a new idea never returns to its original dimensions!

                    RJOh's avatar - chipmunk
                    mid-Ohio
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                    Posted: July 20, 2010, 1:51 pm - IP Logged

                    I do save my losing lottery tickets for tax purpose but the one time I won a prize large enough that the state sent me a W-G form I couldn't use them. 

                    For tax purposes lottery winnings are treated like regular income and your overall loses including the amount lost playing the lottery has to be greater the standard deduction that every one gets.  Since you can only claim a lost up to the amount you won, you can only claim a lot if you won a lot. 

                    That particular year I spent ~$3000 on lottery tickets and won $1500 so I could only claim a $1500 lost which with other loses such as interest on loans, credit cards and etc. didn't exceed the standard deduction of $4500.  I ended up paying ~$300 more taxes because of my lottery winnings.

                    I understand had I been a professional gambler and loss ~$3000, I could have deducted it all but regular lottery players aren't considered professionals gamblers.

                    * Thoses who can, do * 
                    * thoses who can't, just talk *
                    Roll Eyes 

                      weshar75's avatar - Lottery-042.jpg
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                      Posted: July 20, 2010, 4:14 pm - IP Logged

                      I do not save my tickets.  I throw them in the trash right next to the check your ticket machine.  Good luck to all.-weshar75

                        ThatScaryChick's avatar - AbnSTiA

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                        Posted: July 20, 2010, 4:59 pm - IP Logged

                        I apologize if this has been asked before, but do you save all your old tickets that are not winners?

                        Nope. I toss out all my losing tickets. I do however, re-check them multiple times to make sure I haven't won anything before I do.

                        "No one remembers the person who almost climbed the mountain, only the person who eventually gets to the top."

                          sully16's avatar - sharan
                          Listens to the wind

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                          Posted: July 21, 2010, 9:01 am - IP Logged

                          I save them for tax purposes.Thud

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                            taxijohn's avatar - odometer444
                            Dutchess County, New York
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                            Posted: July 21, 2010, 12:30 pm - IP Logged

                            I save them for tax purposes.Thud

                            Ditto I Agree!

                            GOD is great, beer is good and people are crazy! Crazy

                            "I don't look for the numbers, the numbers look for and sometimes find me..."

                              jrosina's avatar - ffdd38 1.jpg
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                              Posted: July 21, 2010, 6:21 pm - IP Logged

                              Yeah I do. People said I should save them to claim on my taxes if I expect to win big (which I do).

                              I used to get rid of them, but now I save them after I was told about the Taxes.

                              forget what "they" say about youWhat you say about you?...

                              Now, does it count??

                               

                               

                              *Jr$ina