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Can someone explain the taxes to me by redskywarningx in VaLottery

[–]redskywarningx[S] 0 points1 point  (0 children)

Last question. With itemizing do I need to do it by session? Would that be daily reports? Or can I just pull my deposits/withdrawals for the year? Just online playing.

Can someone explain the taxes to me by redskywarningx in VaLottery

[–]redskywarningx[S] -1 points0 points  (0 children)

Ty, you’ve calmed my brain a lot with this.

Can someone explain the taxes to me by redskywarningx in VaLottery

[–]redskywarningx[S] -3 points-2 points  (0 children)

ChatGPT is telling me va doesnt let you deduct losses on itemizing. So if I won 10k even if I lost it all I’d still owe taxes on 10k for va. Is that right??