Do you save your tickets?Prev Topic Next Topic

New Topic New Poll

xthundercat2003

new york
United States
Member #52,679
June 4, 2007
2,219 Posts
Offline

Mar 28, 2008, 6:29 pm

thanks player345 but i can not because im in s.si and if i do they well take me off ssi you a check i get ones a month im in a fix income
player345

buffalo, new york
United States
Member #40,530
June 3, 2006
115 Posts
Offline

Mar 28, 2008, 6:33 pm

Your welcome xthundercat. Nice avatar there! All glittery and bright!

player345
MaddMike51

United States
Member #58,526
February 18, 2008
710 Posts
Offline

Mar 28, 2008, 6:36 pm

Quote: Originally posted by xthundercat2003 on Mar 28, 2008
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

Those tickets (2003-2006) are probably useless for tax purposes.If you haven't filed your 2007 taxes yet,AND you have gambling winnings,you can use the tickets you bought in 2007 to offset your winnings.You can deduct up to the amount of your winnings.If you won $1,000,you can deduct up to $1,000 in gambling losses.Check with your tax preparer fo the specifics.
JustFrozen

OC, CALI
United States
Member #59,562
March 19, 2008
76 Posts
Offline

Mar 28, 2008, 6:59 pm

Since I plan on actually having winnings, yes I do save my tickets. But now I'm getting worried of my wife seeing the stash. It looks kinda bad when you don't consider the ones that are missing more than make up for it
pacattack05

United States
Member #17,554
June 22, 2005
5,582 Posts
Offline

Mar 28, 2008, 7:03 pm

Quote: Originally posted by JustFrozen on Mar 28, 2008
Since I plan on actually having winnings, yes I do save my tickets. But now I'm getting worried of my wife seeing the stash. It looks kinda bad when you don't consider the ones that are missing more than make up for it

I don't even save the winners. I make a copy of the 500 dollar winning ticket and then cash it in.

Later I can have bragging rights with the copy...lol
justxploring

Wandering Aimlessly
United States
Member #25,359
November 5, 2005
4,461 Posts
Offline

Mar 28, 2008, 7:05 pm

They make nice wallpaper.
xthundercat2003

new york
United States
Member #52,679
June 4, 2007
2,219 Posts
Offline

Mar 28, 2008, 7:05 pm

thank you player345 but im trying to put it the avatar but im haveing a hard time doing it
JAP69

South Carolina
United States
Member #6
November 4, 2001
9,034 Posts
Offline

Mar 28, 2008, 7:08 pm

Playing the pick 3 with only one number daily I do not have any losers to save.

The tickets get cashed in.

Now was that a line of or what.
pacattack05

United States
Member #17,554
June 22, 2005
5,582 Posts
Offline

Mar 28, 2008, 7:08 pm

Quote: Originally posted by xthundercat2003 on Mar 28, 2008
thank you player345 but im trying to put it the avatar but im haveing a hard time doing it

Simply put the same URL into the section for avatars. Copy and paste.

If you want, pm me and I'll direct you through it.
jarasan

Harbinger

Maryland
United States
Member #44,102
July 30, 2006
6,763 Posts
Offline

Mar 28, 2008, 9:40 pm

I'm thinking of keeping them for a couple of years in case of audits, I've had W-2G's the past fours years, and of course claimed gambling losses the past four filings. Getting audited is kinda like hitting P4 straight they say the odds are 1:10000.

Oh! You better watch out,
You better not cry,
You better not pout,
I'm telling you why:
The IRS is coming to town!

They're making a list,
Checking it twice,
Gonna find out who's naughty or nice.
The IRS is coming to town!

Don't tax me pengies! HAHAHA!
LottoAce

N.C.
United States
Member #56,003
October 28, 2007
877 Posts
Offline

Mar 29, 2008, 9:42 am

Yes, I save my tickets. like most of you, I was doing so, in case I hit a second or third place prize. (first would be better)

All this year I have been saving and logging my losing tickets, Heres something that I never considered untill recently, that you may want to think about. like for instance, I don't know if you are aware but the powerplay option on the Powerball is an automatic 10 for this Sats draw!!...

it wouldn't take much of a hit to push me over the 600 dollar mark, forcing me to collect my winnings at the lottery office. this would mean that I would have to pay the taxes on it.

sure would be nice to have something to write off against it...

Uncle Sam takes enough of my salary!!...I don't want to pay him any more than I have too.

just something to think about.

"know your limitations, but excede your expectations"
dphillips

Albuquerque, New Mexico
United States
Member #5,128
June 18, 2004
377 Posts
Offline

Mar 29, 2008, 9:45 am

You're killing me! I can't stop laughing. What creativity.

-- Bye, bye! When you win, may you glow as brightly as the
player345

buffalo, new york
United States
Member #40,530
June 3, 2006
115 Posts
Offline

Mar 29, 2008, 1:22 pm

Quote: Originally posted by pacattack05 on Mar 28, 2008
I don't even save the winners. I make a copy of the 500 dollar winning ticket and then cash it in.

Later I can have bragging rights with the copy...lol

pacattack05,

I made a copy of the two winning tickets and I thank you for posting the obvious!!! I didn't think of this!! Congrats on your wins and thank you for adding this information here lol.

I placed the copy of the winning tickets with our genealogy papers and hopefully it won't be discovered by our family (sons) until we're long gone as we didn't mention it to them. We bailed them out last year with their cars and other problems!! Money came in time for our property taxes in Feb so they still benefited. LOL

player345
manofmany

United States
Member #59,718
March 25, 2008
52 Posts
Offline

Mar 29, 2008, 2:15 pm

Paying taxes on $600 is ridiculous. I won't get into the tax debate though.

If I won 200k x10 I would gladly pay it and still have enough to turn my life around :)
dphillips

Albuquerque, New Mexico
United States
Member #5,128
June 18, 2004
377 Posts
Offline

Mar 29, 2008, 3:25 pm

manofmany, you have my vote on the $200,000 win. I, too, would gladly pay those taxes -- while laughing all the way to the bank!

Finally, as you mentioned, to be taxed on $600.00 is ridiculous. The government is so blood thirsty, especially when it comes to the middle-class working people. Now, the government will pull out all the organ stops for the wealthy, summon the trumpeters to announce their arrival at the White House, while demanding the heads of the middle-class at the government-constructed guilotine on the White House lawn for the amusement of the wealthy!

-- Bye, bye! When you win, may you glow as brightly as the