topic Re: Do scratch off losses count as gambling losses? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263 <P>The use in winning tickets themselves can be used as the receipts. I keep all if mine and use them against claimed winnings each year...dollar for dollar.</P> Fri, 31 Jul 2020 02:54:46 GMT Nomad1c 2020-07-31T02:54:46Z Do scratch off losses count as gambling losses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-scratch-off-losses-count-as-gambling-losses/01/381400#M47920 I like to play scratch offs and recently learned gambling losses can be deducted as much as winnings. I was wondering if scratch offs count because they are a lottery and how much information would the IRS need to accept them, because you can only buy them with cash. Tue, 04 Jun 2019 01:08:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-scratch-off-losses-count-as-gambling-losses/01/381400#M47920 J--Griss 2019-06-04T01:08:17Z Yes, scratch off tickets can count as gambling losses - b... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-scratch-off-tickets-can-count-as-gambling-losses-b/01/381402#M47921 <P>Yes, scratch off tickets can count as gambling losses - but there is a catch. &nbsp;First, you cannot deduct them without claiming any winnings. &nbsp;For tax purposes, you can only deduct losses up to the amount of your winnings. Secondly, they are part of your itemized deductions. If you don't claim any mortgage interest, real estate taxes, state income tax, charitable, medical expenses etc., gambling losses will not impact your tax return at all.</P><P>As to the information needed - you would have to have receipts for the tickets purchased, since they are purchased by cash only.&nbsp;</P> Tue, 04 Jun 2019 01:08:18 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-scratch-off-tickets-can-count-as-gambling-losses-b/01/381402#M47921 MargaretL 2019-06-04T01:08:18Z Would holding on to the loosing tickets also count instea... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/would-holding-on-to-the-loosing-tickets-also-count-instea/01/381404#M47922 Would holding on to the loosing tickets also count instead of a receipt? Tue, 04 Jun 2019 01:08:20 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/would-holding-on-to-the-loosing-tickets-also-count-instea/01/381404#M47922 J--Griss 2019-06-04T01:08:20Z No, because they don't show payment, unfortunately. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-because-they-don-t-show-payment-unfortunately/01/381407#M47923 No, because they don't show payment, unfortunately. Tue, 04 Jun 2019 01:08:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-because-they-don-t-show-payment-unfortunately/01/381407#M47923 MargaretL 2019-06-04T01:08:21Z How in the world can you show loss? No one gives you a re... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-in-the-world-can-you-show-loss-no-one-gives-you-a-re/01/381408#M47924 How in the world can you show loss? No one gives you a receipt for purchasing a scratch off ticket.&nbsp;&nbsp;I have the loosing tickets and of course I had to buy them before they became a losing ticket? Tue, 04 Jun 2019 01:08:23 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-in-the-world-can-you-show-loss-no-one-gives-you-a-re/01/381408#M47924 mosemannep 2019-06-04T01:08:23Z I agree, you don't get receipts for losing tickets, you j... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-agree-you-don-t-get-receipts-for-losing-tickets-you-j/01/381410#M47925 I agree, you don't get receipts for losing tickets, you just purchase them Tue, 04 Jun 2019 01:08:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-agree-you-don-t-get-receipts-for-losing-tickets-you-j/01/381410#M47925 eerised74 2019-06-04T01:08:25Z Re: Do scratch off losses count as gambling losses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844150#M105323 <P>When you buy from a clerk, you can request a receipt, but if you buy from the machine, I don't know how you can get a receipt, unless it let's you use your debit card. Then you can get a receipt emailed to you or something like your statement will show it.</P> Thu, 22 Aug 2019 20:18:28 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844150#M105323 Jdinieri 2019-08-22T20:18:28Z Re: Do scratch off losses count as gambling losses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844155#M105324 <P><FONT face="arial black,avant garde">This is not correct:</FONT><SPAN>&nbsp;"<EM>gambling losses can be deducted as much as winnings."&nbsp;&nbsp;</EM></SPAN></P> <P>&nbsp;</P> <P class="p1"><SPAN class="s1">You can enter your winnings, and then keep clicking through the interview to enter gambling losses.</SPAN></P> <P class="p2">&nbsp;</P> <P class="p1"><SPAN class="s2"><A href="https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses" target="_blank">https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses</A></SPAN></P> <P class="p2">&nbsp;</P> <P class="p1"><SPAN class="s1"><FONT face="arial black,avant garde">Losses are an itemized deduction.</FONT><SPAN class="Apple-converted-space">&nbsp; </SPAN>If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.</SPAN></P> <P class="p3"><SPAN class="s2"><A href="https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/" target="_blank">https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/</A></SPAN></P> <P class="p4">&nbsp;</P> <P class="p3"><SPAN class="s2"><A href="https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses" target="_blank">https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses</A></SPAN></P> <P class="p3">&nbsp;</P> <P class="p1"><SPAN class="s1"><STRONG>STANDARD DEDUCTION</STRONG></SPAN></P> <P class="p2"><SPAN class="s1">Many taxpayers are surprised this year because their itemized deductions are not having the same effect as they did on past tax returns.&nbsp; The new higher standard deduction and the elimination of certain deductions, as well as the cap on state and local taxes have had a major impact.</SPAN></P> <P class="p3"><SPAN class="s1">Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.&nbsp;<STRONG> The deductions you enter do not necessarily count “dollar for dollar;”</STRONG> many of them are subject to meeting<SPAN class="Apple-converted-space">&nbsp; </SPAN>tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.<SPAN class="Apple-converted-space">&nbsp; </SPAN>The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.<SPAN class="Apple-converted-space">&nbsp; </SPAN>Under the new tax laws, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.</SPAN></P> <P class="p4">&nbsp;</P> <P class="p5"><SPAN class="s1">Your standard deduction lowers your taxable income. &nbsp;It is not a refund&nbsp;</SPAN></P> <P class="p5"><SPAN class="s1"><STRONG>2018 Standard Deductions:</STRONG></SPAN></P> <P class="p5"><SPAN class="s1">Single <SPAN class="Apple-converted-space">&nbsp; </SPAN>$12,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1600 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Married Filing Separately<SPAN class="Apple-converted-space">&nbsp; &nbsp; </SPAN>$12,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1300 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Married Filing Jointly<SPAN class="Apple-converted-space">&nbsp; </SPAN>$24,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1300 each spouse 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Head of Household<SPAN class="Apple-converted-space">&nbsp; </SPAN>$18,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1600 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Look at line 8 of your Form 1040 to see your standard or itemized deductions.</SPAN></P> <P class="p6">&nbsp;</P> <P class="p5"><SPAN class="s2"><A href="https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform" target="_blank">https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform</A></SPAN></P> Thu, 22 Aug 2019 20:28:00 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844155#M105324 xmasbaby0 2019-08-22T20:28:00Z Re: Do scratch off losses count as gambling losses? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263 <P>The use in winning tickets themselves can be used as the receipts. I keep all if mine and use them against claimed winnings each year...dollar for dollar.</P> Fri, 31 Jul 2020 02:54:46 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263 Nomad1c 2020-07-31T02:54:46Z Re: Would holding on to the loosing tickets also count instea... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-would-holding-on-to-the-loosing-tickets-also-count-instea/01/1701683#M162264 <P>Yes. The ticket itself counts as a receipt</P><P>&nbsp;</P> Fri, 31 Jul 2020 02:56:06 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-would-holding-on-to-the-loosing-tickets-also-count-instea/01/1701683#M162264 Nomad1c 2020-07-31T02:56:06Z Re: No, because they don't show payment, unfortunately. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701686#M162265 <P>Wrong answer. Having them verifies a purchase was made. And also each ticket show what the amount paid...was.</P> Fri, 31 Jul 2020 03:00:42 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701686#M162265 Nomad1c 2020-07-31T03:00:42Z Re: No, because they don't show payment, unfortunately. https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701830#M162274 <BLOCKQUOTE><HR /><LI-USER uid="2604329"></LI-USER>&nbsp;wrote:<BR /> <P>Wrong answer. Having them verifies a purchase was made. And also each ticket show what the amount paid...was.</P> <HR /></BLOCKQUOTE> <P>They could be gifts, in which case you can't deduct the cost.</P> <P>&nbsp;</P> <P>The bottom line is that the Tax Code assumes all income is taxable, and if audited, you must prove every deduction to the satisfaction of the auditor. &nbsp;The auditor does not have to prove you are wrong; you must prove you are right. &nbsp;(In this, Tax law is opposite of most every other legal situation.) &nbsp;An auditor in a bad mood does not have to allow a deduction without proof. &nbsp;So how much proof to keep and how much risk to take is up to each taxpayer.&nbsp;</P> Fri, 31 Jul 2020 15:16:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701830#M162274 Opus 17 2020-07-31T15:16:32Z
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topic Re: Do scratch off losses count as gambling losses? in Deductions & credits
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<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263
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<P>The use in winning tickets themselves can be used as the receipts. I keep all if mine and use them against claimed winnings each year...dollar for dollar.</P>
</description>
<pubDate>Fri, 31 Jul 2020 02:54:46 GMT</pubDate>
<dc:creator>Nomad1c</dc:creator>
<dc:date>2020-07-31T02:54:46Z</dc:date>
<item>
<title>Do scratch off losses count as gambling losses?</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-scratch-off-losses-count-as-gambling-losses/01/381400#M47920
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<description>
I like to play scratch offs and recently learned gambling losses can be deducted as much as winnings. I was wondering if scratch offs count because they are a lottery and how much information would the IRS need to accept them, because you can only buy them with cash.
</description>
<pubDate>Tue, 04 Jun 2019 01:08:17 GMT</pubDate>
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<dc:creator>J--Griss</dc:creator>
<dc:date>2019-06-04T01:08:17Z</dc:date>
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<title>
Yes, scratch off tickets can count as gambling losses - b...
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-scratch-off-tickets-can-count-as-gambling-losses-b/01/381402#M47921
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<P>Yes, scratch off tickets can count as gambling losses - but there is a catch. &nbsp;First, you cannot deduct them without claiming any winnings. &nbsp;For tax purposes, you can only deduct losses up to the amount of your winnings. Secondly, they are part of your itemized deductions. If you don't claim any mortgage interest, real estate taxes, state income tax, charitable, medical expenses etc., gambling losses will not impact your tax return at all.</P><P>As to the information needed - you would have to have receipts for the tickets purchased, since they are purchased by cash only.&nbsp;</P>
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<pubDate>Tue, 04 Jun 2019 01:08:18 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/yes-scratch-off-tickets-can-count-as-gambling-losses-b/01/381402#M47921
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<dc:creator>MargaretL</dc:creator>
<dc:date>2019-06-04T01:08:18Z</dc:date>
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<title>
Would holding on to the loosing tickets also count instea...
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/would-holding-on-to-the-loosing-tickets-also-count-instea/01/381404#M47922
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<description>
Would holding on to the loosing tickets also count instead of a receipt?
</description>
<pubDate>Tue, 04 Jun 2019 01:08:20 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/would-holding-on-to-the-loosing-tickets-also-count-instea/01/381404#M47922
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<dc:creator>J--Griss</dc:creator>
<dc:date>2019-06-04T01:08:20Z</dc:date>
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<title>
No, because they don't show payment, unfortunately.
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-because-they-don-t-show-payment-unfortunately/01/381407#M47923
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<description>
No, because they don't show payment, unfortunately.
</description>
<pubDate>Tue, 04 Jun 2019 01:08:21 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/no-because-they-don-t-show-payment-unfortunately/01/381407#M47923
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<dc:creator>MargaretL</dc:creator>
<dc:date>2019-06-04T01:08:21Z</dc:date>
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<title>
How in the world can you show loss? No one gives you a re...
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-in-the-world-can-you-show-loss-no-one-gives-you-a-re/01/381408#M47924
</link>
<description>
How in the world can you show loss? No one gives you a receipt for purchasing a scratch off ticket.&nbsp;&nbsp;I have the loosing tickets and of course I had to buy them before they became a losing ticket?
</description>
<pubDate>Tue, 04 Jun 2019 01:08:23 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-in-the-world-can-you-show-loss-no-one-gives-you-a-re/01/381408#M47924
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<dc:creator>mosemannep</dc:creator>
<dc:date>2019-06-04T01:08:23Z</dc:date>
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<title>
I agree, you don't get receipts for losing tickets, you j...
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-agree-you-don-t-get-receipts-for-losing-tickets-you-j/01/381410#M47925
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<description>
I agree, you don't get receipts for losing tickets, you just purchase them
</description>
<pubDate>Tue, 04 Jun 2019 01:08:25 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-agree-you-don-t-get-receipts-for-losing-tickets-you-j/01/381410#M47925
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<dc:creator>eerised74</dc:creator>
<dc:date>2019-06-04T01:08:25Z</dc:date>
</item>
<item>
<title>
Re: Do scratch off losses count as gambling losses?
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844150#M105323
</link>
<description>
<P>When you buy from a clerk, you can request a receipt, but if you buy from the machine, I don't know how you can get a receipt, unless it let's you use your debit card. Then you can get a receipt emailed to you or something like your statement will show it.</P>
</description>
<pubDate>Thu, 22 Aug 2019 20:18:28 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844150#M105323
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<dc:creator>Jdinieri</dc:creator>
<dc:date>2019-08-22T20:18:28Z</dc:date>
</item>
<item>
<title>
Re: Do scratch off losses count as gambling losses?
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844155#M105324
</link>
<description>
<P><FONT face="arial black,avant garde">This is not correct:</FONT><SPAN>&nbsp;"<EM>gambling losses can be deducted as much as winnings."&nbsp;&nbsp;</EM></SPAN></P> <P>&nbsp;</P> <P class="p1"><SPAN class="s1">You can enter your winnings, and then keep clicking through the interview to enter gambling losses.</SPAN></P> <P class="p2">&nbsp;</P> <P class="p1"><SPAN class="s2"><A href="https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses" target="_blank">https://www.irs.gov/help/ita/how-do-i-claim-my-gambling-winnings-and-or-losses</A></SPAN></P> <P class="p2">&nbsp;</P> <P class="p1"><SPAN class="s1"><FONT face="arial black,avant garde">Losses are an itemized deduction.</FONT><SPAN class="Apple-converted-space">&nbsp; </SPAN>If you do not have enough itemized deductions to exceed your standard deduction, your losses will have no effect.</SPAN></P> <P class="p3"><SPAN class="s2"><A href="https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/" target="_blank">https://blog.turbotax.intuit.com/income-and-investments/how-are-gambling-winnings-taxed-8891/</A></SPAN></P> <P class="p4">&nbsp;</P> <P class="p3"><SPAN class="s2"><A href="https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses" target="_blank">https://ttlc.intuit.com/questions/1900352-can-i-deduct-my-gambling-losses</A></SPAN></P> <P class="p3">&nbsp;</P> <P class="p1"><SPAN class="s1"><STRONG>STANDARD DEDUCTION</STRONG></SPAN></P> <P class="p2"><SPAN class="s1">Many taxpayers are surprised this year because their itemized deductions are not having the same effect as they did on past tax returns.&nbsp; The new higher standard deduction and the elimination of certain deductions, as well as the cap on state and local taxes have had a major impact.</SPAN></P> <P class="p3"><SPAN class="s1">Your itemized deductions have to be more than your standard deduction before you will see a change in your tax owed or tax refund.&nbsp;<STRONG> The deductions you enter do not necessarily count “dollar for dollar;”</STRONG> many of them are subject to meeting<SPAN class="Apple-converted-space">&nbsp; </SPAN>tough thresholds—medical expenses, for example, must meet a threshold that is pretty hard to reach.<SPAN class="Apple-converted-space">&nbsp; </SPAN>The software program uses all the IRS rules that apply to the expenses you enter, and it tells you if you have enough to use your itemized deductions or if using the standard deduction is more advantageous for you.<SPAN class="Apple-converted-space">&nbsp; </SPAN>Under the new tax laws, some deductions have been capped—there is a $10,000 limit to the itemized deductions for state, local, property and sales taxes.</SPAN></P> <P class="p4">&nbsp;</P> <P class="p5"><SPAN class="s1">Your standard deduction lowers your taxable income. &nbsp;It is not a refund&nbsp;</SPAN></P> <P class="p5"><SPAN class="s1"><STRONG>2018 Standard Deductions:</STRONG></SPAN></P> <P class="p5"><SPAN class="s1">Single <SPAN class="Apple-converted-space">&nbsp; </SPAN>$12,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1600 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Married Filing Separately<SPAN class="Apple-converted-space">&nbsp; &nbsp; </SPAN>$12,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1300 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Married Filing Jointly<SPAN class="Apple-converted-space">&nbsp; </SPAN>$24,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1300 each spouse 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Head of Household<SPAN class="Apple-converted-space">&nbsp; </SPAN>$18,000<SPAN class="Apple-converted-space">&nbsp; </SPAN>(+ $1600 65 or older)</SPAN></P> <P class="p5"><SPAN class="s1">Look at line 8 of your Form 1040 to see your standard or itemized deductions.</SPAN></P> <P class="p6">&nbsp;</P> <P class="p5"><SPAN class="s2"><A href="https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform" target="_blank">https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform</A></SPAN></P>
</description>
<pubDate>Thu, 22 Aug 2019 20:28:00 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/844155#M105324
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<dc:creator>xmasbaby0</dc:creator>
<dc:date>2019-08-22T20:28:00Z</dc:date>
</item>
<item>
<title>
Re: Do scratch off losses count as gambling losses?
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263
</link>
<description>
<P>The use in winning tickets themselves can be used as the receipts. I keep all if mine and use them against claimed winnings each year...dollar for dollar.</P>
</description>
<pubDate>Fri, 31 Jul 2020 02:54:46 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-scratch-off-losses-count-as-gambling-losses/01/1701682#M162263
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<dc:creator>Nomad1c</dc:creator>
<dc:date>2020-07-31T02:54:46Z</dc:date>
</item>
<item>
<title>
Re: Would holding on to the loosing tickets also count instea...
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<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-would-holding-on-to-the-loosing-tickets-also-count-instea/01/1701683#M162264
</link>
<description>
<P>Yes. The ticket itself counts as a receipt</P><P>&nbsp;</P>
</description>
<pubDate>Fri, 31 Jul 2020 02:56:06 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-would-holding-on-to-the-loosing-tickets-also-count-instea/01/1701683#M162264
</guid>
<dc:creator>Nomad1c</dc:creator>
<dc:date>2020-07-31T02:56:06Z</dc:date>
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<item>
<title>
Re: No, because they don't show payment, unfortunately.
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<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701686#M162265
</link>
<description>
<P>Wrong answer. Having them verifies a purchase was made. And also each ticket show what the amount paid...was.</P>
</description>
<pubDate>Fri, 31 Jul 2020 03:00:42 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701686#M162265
</guid>
<dc:creator>Nomad1c</dc:creator>
<dc:date>2020-07-31T03:00:42Z</dc:date>
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<item>
<title>
Re: No, because they don't show payment, unfortunately.
</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701830#M162274
</link>
<description>
<BLOCKQUOTE><HR /><LI-USER uid="2604329"></LI-USER>&nbsp;wrote:<BR /> <P>Wrong answer. Having them verifies a purchase was made. And also each ticket show what the amount paid...was.</P> <HR /></BLOCKQUOTE> <P>They could be gifts, in which case you can't deduct the cost.</P> <P>&nbsp;</P> <P>The bottom line is that the Tax Code assumes all income is taxable, and if audited, you must prove every deduction to the satisfaction of the auditor. &nbsp;The auditor does not have to prove you are wrong; you must prove you are right. &nbsp;(In this, Tax law is opposite of most every other legal situation.) &nbsp;An auditor in a bad mood does not have to allow a deduction without proof. &nbsp;So how much proof to keep and how much risk to take is up to each taxpayer.&nbsp;</P>
</description>
<pubDate>Fri, 31 Jul 2020 15:16:32 GMT</pubDate>
<guid>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-no-because-they-don-t-show-payment-unfortunately/01/1701830#M162274
</guid>
<dc:creator>Opus 17</dc:creator>
<dc:date>2020-07-31T15:16:32Z</dc:date>
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