Can the cost of the raffle tickets from a nonprofit be deductible as a donation, gambling loss or not at all if I did not win?
I bought raffle tickets from a nonprofit organization for a chance to win an item. I did not win the item or anything. So can I deduct the money for the tickets as a...
Can the cost of the raffle tickets from a nonprofit be deductible as a donation, gambling loss or not at all if I did not win?
Unfortunately, it's #3. If you itemize, you can only deduct gambling losses against winnings and you're
not allowed to claim raffle or lottery tickets as a charitable deduction.