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Can a player write-off Lottery losses on federal taxes?

April 26, 2017federal taxes losses lottery Player write-off

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Can a player write-off Lottery losses on federal taxes?

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If $600 or more is won on a single wager, the Lottery is required to report those winnings to the IRS. The Lottery is not qualified to give advice on matters regarding taxation. While there may be occasions where lottery losses may be used to offset lottery winnings, a definite answer is available only through a qualified tax specialist. Players are encouraged to consult a tax professional in this matter.