Tuesday, April 13, 2010

Ar expenses incurred in entering free sweepstakes tax deductible?

You should NOT have any expenses in a 'free sweepstakes.' You are getting SCAMMED friend!

Ar expenses incurred in entering free sweepstakes tax deductible?
Yes. You can claim the expenses incurred in entering sweepstakes. It's called gambling expenses and it's deductable up to the amount of gambling winnings reported on the return.


You must be able to itemize, using Schedule A (sometimes referred to as the "long form" ) in order to take the deduction.
Reply:If it is a free sweepstakes why should there be any expenses other than maybe postage?
Reply:A sucker is born every minute - why pay for free ?? These are all SCAMS - beware and don't be stupid to fall for them !!
Reply:NO!!!!!! Unless it is your job. Job related expenses are tax deductible. (with limits)

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