https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sweepstakes-winnings-and-deductions/01/2899497#M278854 <P>Can you use gambling deductions to offset sweepstakes winnings? I know you have to itemize and only upto the amount of wins but I'm specifically asking about gambling losses and sweepstakes winnings. I don't know if they count in the same bucket or if sweepstakes are something counted differently.</P> Mon, 23 Feb 2026 11:59:32 GMT ExhaustedTech 2026-02-23T11:59:32Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sweepstakes-winnings-and-deductions/01/2899497#M278854 <P>Can you use gambling deductions to offset sweepstakes winnings? I know you have to itemize and only upto the amount of wins but I'm specifically asking about gambling losses and sweepstakes winnings. I don't know if they count in the same bucket or if sweepstakes are something counted differently.</P> Mon, 23 Feb 2026 11:59:32 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/sweepstakes-winnings-and-deductions/01/2899497#M278854 ExhaustedTech 2026-02-23T11:59:32Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-sweepstakes-winnings-and-deductions/01/2899700#M278876 <P><SPAN>Technically they might not be considered gambling. The sweepstakes companies have succeeded in carving out exceptions to most gambling laws because actual money does not change hands to grant chances to win them.</SPAN></P> Tue, 21 Feb 2023 08:20:18 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-sweepstakes-winnings-and-deductions/01/2899700#M278876 Mike9241 2023-02-21T08:20:18Z