Welcome Guest
Log In | Register )
The time is now 7:37 pm
You last visited July 22, 2014, 7:35 pm
All times shown are
Eastern Time (GMT-5:00)

Do you keep your non-winning tickets?

Topic closed. 27 replies. Last post 3 years ago by kapla.

Page 1 of 2
PrintE-mailLink
karinda's avatar - WINGS
New Jersey
United States
Member #108449
March 25, 2011
2855 Posts
Offline
Posted: July 2, 2011, 10:34 pm - IP Logged

I tend to keep my non-winning tickets and I think it's time for me to toss some of them.

Just wondering what you do with your non-winning tickets.

Thanks,

Karinda

    Wooddrive's avatar - Lottery-046.jpg
    Delco PA
    United States
    Member #80104
    September 16, 2009
    194 Posts
    Offline
    Posted: July 2, 2011, 10:39 pm - IP Logged

    toss them, it can become overwhelming sometimes.

      rdgrnr's avatar - walt
      -Ridge Runner- Oracle of the Appalachians
      Way back up in them dadgum hills, son!
      United States
      Member #73904
      April 28, 2009
      14903 Posts
      Offline
      Posted: July 2, 2011, 10:41 pm - IP Logged

      I tend to keep my non-winning tickets and I think it's time for me to toss some of them.

      Just wondering what you do with your non-winning tickets.

      Thanks,

      Karinda

      You can deduct them dollar for dollar from your winnings for the current year.


                                                   
                           
                                               

       

       

       

       

                                                                                                         

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

                                                                                                  --Edmund Burke

       

       

        haymaker's avatar - Lottery-012.jpg
        egg harbor twp.south jersey shore
        United States
        Member #112972
        June 29, 2011
        3094 Posts
        Offline
        Posted: July 2, 2011, 10:41 pm - IP Logged

        I tend to keep my non-winning tickets and I think it's time for me to toss some of them.

        Just wondering what you do with your non-winning tickets.

        Thanks,

        Karinda

        just keep them til the end of the year,for tax purposes,after that they are trash,unless you want to quit and need a reminder how much you have spent !

          Wooddrive's avatar - Lottery-046.jpg
          Delco PA
          United States
          Member #80104
          September 16, 2009
          194 Posts
          Offline
          Posted: July 2, 2011, 10:57 pm - IP Logged

          just keep them til the end of the year,for tax purposes,after that they are trash,unless you want to quit and need a reminder how much you have spent !

          have you seriously claimed them on your taxes and the IRS has never audited you. there must be a limit on them because I could just go and pick through all the losing tickets out of the trash.

            karinda's avatar - WINGS
            New Jersey
            United States
            Member #108449
            March 25, 2011
            2855 Posts
            Offline
            Posted: July 2, 2011, 11:04 pm - IP Logged

            You can deduct them dollar for dollar from your winnings for the current year.

            Well I haven't won enough to be able to deduct any losing tickets yet. I need to take everyone's

            advice and toss what's not a potential tax deduction though. What about instant tickets? Some

            of them stay active across multiple years, at least in NJ they do. Can they be deducted $ for $

            until the game closes?

            Thanks,

            Karinda

              rdgrnr's avatar - walt
              -Ridge Runner- Oracle of the Appalachians
              Way back up in them dadgum hills, son!
              United States
              Member #73904
              April 28, 2009
              14903 Posts
              Offline
              Posted: July 2, 2011, 11:07 pm - IP Logged

              have you seriously claimed them on your taxes and the IRS has never audited you. there must be a limit on them because I could just go and pick through all the losing tickets out of the trash.

              I hope you don't, cuz K-Y Jelly Floyd will turn you in for that.

              He'll come over and dust them for fingerprints to prove their not yours.


                                                           
                                   
                                                       

               

               

               

               

                                                                                                                 

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

                                                                                                          --Edmund Burke

               

               

                rdgrnr's avatar - walt
                -Ridge Runner- Oracle of the Appalachians
                Way back up in them dadgum hills, son!
                United States
                Member #73904
                April 28, 2009
                14903 Posts
                Offline
                Posted: July 2, 2011, 11:09 pm - IP Logged

                Well I haven't won enough to be able to deduct any losing tickets yet. I need to take everyone's

                advice and toss what's not a potential tax deduction though. What about instant tickets? Some

                of them stay active across multiple years, at least in NJ they do. Can they be deducted $ for $

                until the game closes?

                Thanks,

                Karinda

                Yes, you can deduct your losers (scratchers too), dollar for dollar from your winnings for the same current tax year. Whether the game is still active or not has no bearing on the tax situation.


                                                             
                                     
                                                         

                 

                 

                 

                 

                                                                                                                   

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

                                                                                                            --Edmund Burke

                 

                 

                  haymaker's avatar - Lottery-012.jpg
                  egg harbor twp.south jersey shore
                  United States
                  Member #112972
                  June 29, 2011
                  3094 Posts
                  Offline
                  Posted: July 2, 2011, 11:25 pm - IP Logged

                  have you seriously claimed them on your taxes and the IRS has never audited you. there must be a limit on them because I could just go and pick through all the losing tickets out of the trash.

                  i have not been lucky enough to need to,but the irs knows how to look at this stuff,if i win say 50g on pic 5 on dec. 31 and have $364.00 of losers i can take it off the winnings. now as to picking tickets out of trash,valid ? won't work cause same applies to winning $ at the race track, if you're losers have footprints all over em you're in trouble.that is to say you're tickets need some kind of pattern,same #s over&over ,same,store over&over

                    TheGameGrl's avatar - p42a
                    Pennsylvania
                    United States
                    Member #17084
                    June 10, 2005
                    3110 Posts
                    Offline
                    Posted: July 2, 2011, 11:33 pm - IP Logged

                    rdg is correct. Losing tickets are consider loss betting wages with in the USA is tax deductable.OUr casinos carry a yearly report of win/loss sheets for those who sign up under a player program.

                    Yes you can accept losing tickets if they are tossed...bearer gave up rights when it was tossed...now if it was tossed in his glove box, do not go rootin for em, its still technically in their possession.

                    I keep mine for that year, a shoe box works well for storing. I even file them by amounts for ease of counting.They get double checked before storing just so I'm not tossing in a winner.

                    ________________________________

                    Signature quote-If I'd agree with you , we'd both be wrong.

                      Avatar
                      Milwaukee, WI
                      United States
                      Member #3131
                      December 27, 2003
                      665 Posts
                      Offline
                      Posted: July 3, 2011, 12:31 am - IP Logged

                      A 2 gallon storage bag from Dollar Tree works great.

                      And YES, I have deducted from my winnings.

                      When I won $1590 one year,  I took enough to remove all my taxes. An amount like that was believe able.

                      When I won $10,000 I believe that I deducted $4,000........ Believeable too...

                      No questions.

                        redhot7's avatar - SetforLifeLogo
                        California
                        United States
                        Member #112368
                        June 17, 2011
                        661 Posts
                        Offline
                        Posted: July 3, 2011, 2:33 am - IP Logged

                        Yes, I have OCD.


                          United States
                          Member #75358
                          June 1, 2009
                          5350 Posts
                          Offline
                          Posted: July 3, 2011, 2:56 am - IP Logged

                          I tend to keep my non-winning tickets and I think it's time for me to toss some of them.

                          Just wondering what you do with your non-winning tickets.

                          Thanks,

                          Karinda

                          Just wondering what you do with your non-winning tickets.

                           

                          I throw them in the trash.

                          Saving losing tickets in the hopes of claiming a percentage as a loss to be deducted for tax purposes is not worth it for me at this stage . I first have to win something to even consider it...lol...............Green laugh

                            loonasee2's avatar - 580603 549411115100199_1030671326_n.jpg
                            Walmart #657
                            United States
                            Member #95130
                            August 4, 2010
                            6524 Posts
                            Online
                            Posted: July 3, 2011, 3:17 am - IP Logged

                            Well I haven't won enough to be able to deduct any losing tickets yet. I need to take everyone's

                            advice and toss what's not a potential tax deduction though. What about instant tickets? Some

                            of them stay active across multiple years, at least in NJ they do. Can they be deducted $ for $

                            until the game closes?

                            Thanks,

                            Karinda

                            The trouble with claiming scratch-offs is you need ,time and date of purchase receipt.But any of the print-out games are time dated ,and dollar for dollar when doing taxes.

                              US Flag Its not how you play the game ,.........Its if you win or lose ,................... 

                              dallascowboyfan's avatar - tiana the-princess-and-the-frog.jpg
                              Oklahoma
                              United States
                              Member #82391
                              November 12, 2009
                              5214 Posts
                              Offline
                              Posted: July 3, 2011, 8:02 am - IP Logged

                              You can deduct them dollar for dollar from your winnings for the current year.

                              Thumbs Up