Comment on Harry Gross: Losing lotto tix are deductible

Harry Gross: Losing lotto tix are deductible

Dear Harry: I recently won $1,000 from a scratch-off lottery ticket. I filled out the paperwork needed to claim the money. I have been told that I may use losing lottery tickets against the tax on my winnings. Is this so? I also go to the racetrack and bet on horses.

 

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