gbarlin
New Member

I bought a raffle ticket ($150) for a wine cellar worth $1000 at a charity auction. I won the raffle & gifted the prize back to the charity. Can any of this be deducted?

I understand that the cost of raffle tickets is not deductible.  The "wine cellar" was $1000 to spend at an online wine site. 
 I received a tax form from the charity acknowledging the donation of the wine cellar worth $1000.  I did not receive a tax form from them acknowledging that I had won the prize as I never took possession of the virtual wine cellar.   Don't know if I would also need to claim it as income in that situation?