What lottery winnings are taxable? - FAQ 271

Writing off gambling losses to offset a winning lottery ticket? : rtax can you claim lottery losses on taxes You may also be able to deduct any gambling losses as an itemized deduction, but don't report those losses on the “Other Income” line; instead, report your can you play nj lottery online Gambling Losses can be reported on the gambling winnings screen if those Otherwise, they are reported in the return as Itemized Deductions

canada lottery numbers Paid in Installments If you received lottery installments in 2016, these are treated as gambling winnings, and if you itemize deductions, you may deduct any