Can I deduct the cost of tickets to a Charitable organization if it's a lottery with NO winnings?
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No, you cannot deduct the cost of raffle, lottery, or bingo tickets purchased from a charitable organization, even if you do not win any prizes. The IRS considers these purchases as "quid pro quo" contributions, where you receive a chance to win something in return for your money, rather than a pure, deductible gift. See Contributions You Can Deduct.
No, you cannot deduct the cost of raffle, lottery, or bingo tickets purchased from a charitable organization, even if you do not win any prizes. The IRS considers these purchases as "quid pro quo" contributions, where you receive a chance to win something in return for your money, rather than a pure, deductible gift. See Contributions You Can Deduct.
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