61 Pa. Code § 103.17 — Gambling and lottery winnings

Gambling and lottery winnings, other than prizes of the State Lottery won on or after July 21, 1983, shall be taxable. These consist of gains arising from gambling and lotteries. In calculating gains, the taxpayer may deduct gambling and lottery losses, other than losses incurred in the State Lottery on or after July 21, 1983, but may not deduct the costs and expenses incurred in connection with the gambling and lottery activity. In addition to the other recordkeeping requirements under Article III of the TRC of 1971 (72 P. S. § § 7301—7361), the taxpayer shall maintain detailed records substantiating losses. The taxpayer shall have the burden of proving losses. Authority The provisions of this § 103.17 issued under section 354 of the Tax Reform Code of 1971 (72 P. S. § 7354). Source The provisions of this § 103.17 amended through January 20, 1984, effective January 21, 1984, 14 Pa.B. 222. Immediately preceding text appears at serial page (83090). No part of the information on this site may be reproduced for profit or sold for profit. This material has been drawn directly from the official Pennsylvania Code full text database. Due to the limitations of HTML or differences in display capabilities of different browsers, this version may differ slightly from the official printed version.