Ken288’s Activity

Sun Jan 10

NL

Boards Post

Ken288 replied to the Tax Strategies board. 9:56 AM

Re: Lottery Subscription Losses

If the $50 is a wash, then why even report it? I guess if it's a state lottery subscription, then there is no way of hiding this.

Thank you for the reply.

Ken

Sat Jan 9

NL

Boards Post

Ken288 posted to the Tax Strategies board. 7:26 PM

Lottery Subscription Losses

If I buy a subscription to my state lottery, can I deduct the net losses? For example, each week, the draw cost $2, there are 2 draws per week so $4 per week, multiplied by 52 weeks gives $208. So I paid $208 each year, say I won $50 so my net loss [more]

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