Income Tax Folio S3-F9-C1, Lottery Winnings, Miscellaneous

Gambling Winnings, Losses & US Tax: Requirements can you write off lottery losses 14 A casual gambler may only report wagering losses as federal itemized deductions, which are not included in AGI and therefore do not carry over to the canadian visa lottery You may deduct your gambling losses on Schedule A, Itemized Deductions The deduction is limited to the amount of your winnings You must report your

cancer lucky lottery numbers Casualty and theft losses For federal purposes, you can no longer claim an itemized deduction for a casualty or theft loss unless it is the