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Wendy Reed
Wendy Reed, Enrolled Agent
Category: Tax
Satisfied Customers: 3346
Experience:  15+ years tax preparation and tax advice.
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Can you claim your lottery tickets on your taxes even if ...

Customer Question

Can you claim your lottery tickets on your taxes even if they are not winners?
Submitted: 10 years ago.
Category: Tax
Expert:  Wendy Reed replied 10 years ago.
You can only deduct gambling losses (this includes lottery tickets) up to the extent of your gambling winnings. You will only benefit from this deduction if you itemize deductions. The losses are taken as a miscellaneous deduction on Schedule A of your tax return.

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