Recent content by nivrage

You can offset any win with losses, since Contesting is considered Gambling, so you can add up all the losing Lottery Tickets you have and enter into your tax return under Gambling Losses. (must itemize taxes)

All you need to do when you have a big win is to offset the win with losses, since entering contests is considered gambling. So all you need to do is collect that amount in State or any Lottery tickets, you can use the ones you have purchased, or by any other means such as gifts, etc. When...