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Answer Me someone please!!

Topic closed. 12 replies. Last post 7 years ago by marcie.

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TnTicketlosers's avatar - Lottery-065.jpg

United States
Member #71120
February 19, 2009
1209 Posts
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Posted: June 21, 2009, 4:09 pm - IP Logged

I would like to know if you can claim losing tickets such as pick 3 or 4 on taxes....Does anyone know? If I can I would have a lot of money,losing tickets in Tennessee are plenty here....

    RJOh's avatar - chipmunk
    mid-Ohio
    United States
    Member #9
    March 24, 2001
    19831 Posts
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    Posted: June 21, 2009, 4:16 pm - IP Logged

    You can claim as a lost up to the amount you claimed you won if it and your other loses exceed the standard deduction for lost.  But remember you will also be paying taxes on the additional income you claimed you won.

     * you don't need to buy more tickets, just buy a winning ticket * 
       
                 Evil Looking       

      noteyedcharlie7's avatar - disney30
      New Member
      griffin,ga.
      United States
      Member #74607
      May 15, 2009
      3 Posts
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      Posted: June 21, 2009, 4:17 pm - IP Logged

      yes u can claim none winners for tax purposesBig Smile

        gmalady's avatar - animal butterfly.jpg
        atlanta,georgia
        United States
        Member #75082
        May 26, 2009
        62 Posts
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        Posted: June 21, 2009, 4:44 pm - IP Logged

        I suggest you also contact your local IRS agent and ask them what is thier policy for claiming losing tickets. They are friendly and will answer your questions.,


          United States
          Member #75358
          June 1, 2009
          5345 Posts
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          Posted: June 21, 2009, 4:57 pm - IP Logged

          Last year I brought all 375 losing tickets back to the retailer for a refund. He wouldn't go for it.

            Avatar
            Idaho
            United States
            Member #76087
            June 18, 2009
            859 Posts
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            Posted: June 21, 2009, 4:59 pm - IP Logged

            Last year I brought all 375 losing tickets back to the retailer for a refund. He wouldn't go for it.

            Only 375, eh.  heh heh

            (I refuse to count mine.)

              marcie's avatar - Lottery-060.jpg
              Ohio
              United States
              Member #49980
              February 21, 2007
              34202 Posts
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              Posted: June 21, 2009, 5:37 pm - IP Logged

              I don't know aboit Tennesee but i have heard you can do it in Ohio.

              http://www.lotterypost.com/thread/233413    Sun Smiley Popular numbers

              12345

              67890

              Use Mirror #'s Use prs. with your  Key* numbers the most Vivid thing in your dream go up or down on #'s.  Flip  6=9 `9=6  Bullseyes  0 or 1 for Pick 4 and the P. 5  Play the other part of doubles.  Do the Whole nine yards for a P. 4* P. 5*  or 0 thur 9  for P. 4  P. 5 from my dreams or hunches good Luck.. Write your Dreams down Play for 3 days.  Good Luck All.

                Surge's avatar - Lottery-063.jpg
                Ohio
                United States
                Member #46493
                September 11, 2006
                4173 Posts
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                Posted: June 21, 2009, 6:43 pm - IP Logged

                Yeah, I believe it can be decucted as a "gambling loss"

                Keep it simple 

                  wpb's avatar - DiscoBallGlowing
                  Charlotte North Carolina
                  United States
                  Member #464
                  July 9, 2002
                  17392 Posts
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                  Posted: June 21, 2009, 6:46 pm - IP Logged

                  You can claim as a lost up to the amount you claimed you won if it and your other loses exceed the standard deduction for lost.  But remember you will also be paying taxes on the additional income you claimed you won.

                  You are correct RJOH.

                  wpb

                    RJOh's avatar - chipmunk
                    mid-Ohio
                    United States
                    Member #9
                    March 24, 2001
                    19831 Posts
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                    Posted: June 21, 2009, 9:47 pm - IP Logged

                    You are correct RJOH.

                    Ten years ago I matched 5of6 for $1500 in the Ohio lottery for which I had to fill out a claim form.  The state sent me a W-2G to file with my taxes.  I spent ~$3000 on lottery tickets that year but the $1500 limit I could claim as a lottery lost and the interest on my credit and loans didn't add up to the standard deduction (which I took) so I ended up paying ~$300 more taxes because of my lottery winnings even though I actually lost more than I won.

                     * you don't need to buy more tickets, just buy a winning ticket * 
                       
                                 Evil Looking       

                      marcie's avatar - Lottery-060.jpg
                      Ohio
                      United States
                      Member #49980
                      February 21, 2007
                      34202 Posts
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                      Posted: June 21, 2009, 9:58 pm - IP Logged

                      My Husand won the pick 4 several times, you can get it all at one time or file at the end of the year.

                      http://www.lotterypost.com/thread/233413    Sun Smiley Popular numbers

                      12345

                      67890

                      Use Mirror #'s Use prs. with your  Key* numbers the most Vivid thing in your dream go up or down on #'s.  Flip  6=9 `9=6  Bullseyes  0 or 1 for Pick 4 and the P. 5  Play the other part of doubles.  Do the Whole nine yards for a P. 4* P. 5*  or 0 thur 9  for P. 4  P. 5 from my dreams or hunches good Luck.. Write your Dreams down Play for 3 days.  Good Luck All.

                        grandpajohn's avatar - Lottery-050.jpg
                        williamsburg,ohio
                        United States
                        Member #71029
                        February 17, 2009
                        603 Posts
                        Offline
                        Posted: June 21, 2009, 10:02 pm - IP Logged

                        Ten years ago I matched 5of6 for $1500 in the Ohio lottery for which I had to fill out a claim form.  The state sent me a W-2G to file with my taxes.  I spent ~$3000 on lottery tickets that year but the $1500 limit I could claim as a lottery lost and the interest on my credit and loans didn't add up to the standard deduction (which I took) so I ended up paying ~$300 more taxes because of my lottery winnings even though I actually lost more than I won.

                        RJOh,

                        I did the same thing a couple times at the race track.

                        "Don't Give Up.Don't Ever Give Up"

                        Jim Valvano ex N.C.State basketball coach Thumbs Up

                          marcie's avatar - Lottery-060.jpg
                          Ohio
                          United States
                          Member #49980
                          February 21, 2007
                          34202 Posts
                          Offline
                          Posted: June 21, 2009, 10:15 pm - IP Logged

                          Yes you can do it at the Track too, you know they are going to pass the law for Casinos in Ohio. I am not much going to Casinos, but it will help our  State with the jobs and all, by the way what track? Thistledown or Northfield park?

                          http://www.lotterypost.com/thread/233413    Sun Smiley Popular numbers

                          12345

                          67890

                          Use Mirror #'s Use prs. with your  Key* numbers the most Vivid thing in your dream go up or down on #'s.  Flip  6=9 `9=6  Bullseyes  0 or 1 for Pick 4 and the P. 5  Play the other part of doubles.  Do the Whole nine yards for a P. 4* P. 5*  or 0 thur 9  for P. 4  P. 5 from my dreams or hunches good Luck.. Write your Dreams down Play for 3 days.  Good Luck All.