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North Carolina: 4/1 - 4/30/2019

Topic closed. 3408 replies. Last post 1 month ago by Vergie6.

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JAMORA's avatar - ladyclover
NC
United States
Member #164393
February 28, 2015
3296 Posts
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Posted: April 6, 2019, 12:49 am - IP Logged

REALLY???  You are genius JAMORA for giving a great business idea.

It definitely make sense now to sell non-winning tickets in eBay.  Any Casino winner NC resident can buy to offset his/her losses. 

What do y'all think ? We can set a common eBAY shop to sell all of ours non-winning tickets. 

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...

"Don't waste time, it's the stuff life's made of..."

    witty's avatar - Wiity cool.png
    NC
    United States
    Member #3263
    January 6, 2004
    953 Posts
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    Posted: April 6, 2019, 12:51 am - IP Logged

    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...

    Thanks a bunch for the good suggestion. Too bad I dumped so many just last week. but lesson learned for next time onwards. 

      JordanT1021's avatar - happy
      High Point
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      June 24, 2007
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      Posted: April 6, 2019, 4:44 am - IP Logged

        JordanT1021's avatar - happy
        High Point
        United States
        Member #53119
        June 24, 2007
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        Posted: April 6, 2019, 4:45 am - IP Logged

        Winning Saturday Midday Predictions Are:

        407

        470

          sully16's avatar - sharan
          25
          Ringleader
          Michigan
          United States
          Member #81738
          October 28, 2009
          63259 Posts
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          Posted: April 6, 2019, 6:10 am - IP Logged

          Congrats winners.

          190 191 192 193 194 195 196 197 198 199

          370 371 372 373 374 375 376 377 378 379

          good luck

            Avatar
            North Carolina
            United States
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            April 2, 2019
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            Posted: April 6, 2019, 6:23 am - IP Logged

            Congrats

              Avatar
              North Carolina
              United States
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              April 2, 2019
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              Posted: April 6, 2019, 6:24 am - IP Logged

              Congrats all winners

                nikkitay01's avatar - Lottery-009.jpg
                La grange
                United States
                Member #165620
                April 15, 2015
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                Posted: April 6, 2019, 8:07 am - IP Logged

                Congrats 😁

                  Avatar
                  raleigh nc
                  United States
                  Member #177197
                  September 14, 2016
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                  Posted: April 6, 2019, 8:20 am - IP Logged

                  805

                  999

                    Kyle7824's avatar - Lottery-042.jpg
                    Greenville, NC
                    United States
                    Member #157296
                    July 14, 2014
                    5469 Posts
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                    Posted: April 6, 2019, 8:28 am - IP Logged

                    555

                    Apr 6th 2012 

                    last hit 

                    18’

                      Avatar
                      Wilmington Nc
                      United States
                      Member #171110
                      December 31, 2015
                      514 Posts
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                      Posted: April 6, 2019, 8:30 am - IP Logged

                      116 910 911 386

                      THESE #S R CRAZY!!!

                        reddog's avatar - patch
                        Army Veteran
                        Durham, North Carolina
                        United States
                        Member #1616
                        June 5, 2003
                        1645 Posts
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                        Posted: April 6, 2019, 8:56 am - IP Logged

                        Congrats !!

                        US Flag

                          itpmguru's avatar - 42a4d4d8f2a4312fb8e253dd8f6ef251
                          No Man's Land
                          United States
                          Member #164133
                          February 19, 2015
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                          Posted: April 6, 2019, 9:52 am - IP Logged

                          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...

                          Jamora is correct and just to clarify this a bit further as I deal with this every year.....

                          They changed the NC law a couple of years back and that is why we are not known as a "gambling friendly state".  I found out the hard way when my CPA called and said "you owe state because they no longer allow the offset". 

                          You WILL still owe NC tax on your winnings no matter what the amount of losses you have (crooks), keep this in mind if you frequent a casino.  Better off now days to have them take out the NC state tax at the time you have a W2G reportable win.  Federal, you can still offset your winnings up to the same amount off losses.  I take pictures and then throw my losing P3/P4/scratchers in a box for tax time.  You will want to keep them for 7 years in case of an unforeseen audit so you can prove your losses.

                          GL to All.

                          Read up on the scam that is NCEL:   Not Live Drawings!
                          Freedom of speech is all but dead now days....protect it!!

                                                               


                            Avatar
                            Durham, NC
                            United States
                            Member #193135
                            October 21, 2018
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                            Posted: April 6, 2019, 10:10 am - IP Logged

                            Congrats to you and all other winners and poster. GL today.

                              Avatar
                              North Carolina
                              United States
                              Member #197176
                              April 2, 2019
                              90 Posts
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                              Posted: April 6, 2019, 10:21 am - IP Logged

                              914-123-823-All trips($6 on the 2’s)

                              1215-3457-1110-2222

                              432-907-917-356

                              gl to all......

                              Thumbs Up

                                 
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