3 ms·
You also have to pay tax on your winning.
by mquan 12y ago
You also have to pay tax on your winning.
- bryanlarsen 12y agoIf you bought tickets systematically with a reasonable expectation of making a profit, then the tickets should be tax-deductible as an expense. Normally lottery tickets aren't tax deductible because of the 'reasonable expectation' test.
- prostoalex 12y agoBut this assumes consistent buying in the past, while the original poster's statement assumed one-time buying binge once the jackpot hits the level to make it worthwhile.