Assuming one were to win $10,000 betting sports (on-line) and claim that income. Could one also deduct $2500. in lottery ticket losses (with the receipts of course)?
Where I'm coming from is that could the government try to say...that the lottery tickets were a "contribution" or some other nice little word to keep this from being used . In Virginia...the lottery moneys go to public education.
Not saying this applies to me at all....just wondering out loud.
Where I'm coming from is that could the government try to say...that the lottery tickets were a "contribution" or some other nice little word to keep this from being used . In Virginia...the lottery moneys go to public education.
Not saying this applies to me at all....just wondering out loud.