Xrp wallet install how to report profit from bitcoin

Bitcoin and Crypto Taxes for Capital Gains and Income

Steven December 20, at 2: The Billfodl protects your seed from both fire and potential floods. Craig Kaiser January 28, at 8: Top Charts. Coinbase is providing a Cost Basis for each of the different wallets for Tax purposes. As with all financial exchange, profits are not guaranteed. The DisallowXRP flag is not strictly enforced, because doing so could allow addresses to become permanently unusable if they run out of XRP. Xavier The premium service antminer s9 circuit breaker antminer s9 credit me lots by using alternative tax accounting methods. I take it everything else was fine, but since I use my passport quite a lot, it has faded over time. If I buy ripple now in Binance and just hold it until its price goes up and not trade it…is it possible in Binance? The TransferRate does not apply when sending issuances directly to the issuing address. This is good news for the company and xrp wallet install how to report profit from bitcoin even received a warm welcome from the Prime Minister of Malta on Twitter. BitcoinTaxes have integrated and teamed the future of ripple coin coinbase transaction fee with online tax preparations services to help import your crypto activity into your tax forms. Hi Oliver, Thanks for your review. Is my ether gone now? They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. Additional information and background on the Travel Rule Fee Disclosure and Tracing Funds In the United States, Dodd Frank Electronic Fund Transfer Act Regulation E requires banks to provide information on cost and delivery terms for international payments originating in the US including is mining for bitcoins illegal 2give coinmarketcap rate, fees, and the amount to be received by the designated recipient in the foreign country. Hello, Can I fund Binance using my Revolut account? If you run a rippled validator, you can publish the public key of your validating server and other information about what currencies your gateway issues, and which XRP Ledger addresses you control, to protect against impostors or confusion. Currency traders who hold a gateway's issuances can provide liquidity to other popular currencies, without the gateway needing to float a large reserve in various destination currencies.

Become an XRP Ledger Gateway

There are so many new coins that are streaming into the market and then there are all these new cryptocurrency exchanges coming. We recommend enabling the RequireDest flag on all gateway issuing and operational addresses. Think of a hardware like your bank account. All U. You can also search here and you how to set up wallets on genesis mining how to setup and run antminer create a favorites list by clicking the star next to any currencies. Reporting of suspicious transactions and compliance. We recommend providing several kinds of Destination Tags for different purposes: Your email address will not be published. Check the result code of every incoming payment.

Cryptocurrency Investing. You should publicize your bounced payments policy as part of your terms of use. If, for example, it asks for the 10 th word of your seed, scroll through the words and press both buttons when you see the 10 th word of your seed. I know that all transfers are recorded to an address on the blockchain and that the IRS has various firms building databases of addresses and probably IP addresses. Please let me know. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Historically, Ripple the company issued gateway bulletins to introduce new features or discuss topics related to compliance and risk. Good shit cryptoBrad I was able to use this website to sort out all my trades. I got an email from binance saying that my IPA siting been changed and if I did not do that I should deactivate my account and contact binance I check my account and sure my XRP coins disappeared so I deactivated my account the problem that I been trying to contact binance but no reply multiple emails and multiple requests and no reply My account is locked and I have no access to my funds I got screwed stay away. Ripple provides detailed and individualized recommendations to businesses interested in running a significant XRP-based business. Buyer sends money to the device, but the thief has the backup code. The following is an example of using a locally-hosted rippled 's submit method to send an AccountSet transaction to enable the DisallowXRP flag:. We recommend making a user interface to generate a destination tag on-demand when a customer intends to send money to the gateway. BitcoinTaxes have integrated and teamed up with online tax preparations services to help import your crypto activity into your tax forms. There are other regular competitions though, so keep an eye on the site for your chance to enter. B Reply.

Mixups with wallets are one of the biggest mistakes people make when using exchanges. Oliver Dale January 8, at 2: Took about 10min. Thomas Garland January 23, at 3: Merchants accept payment within the XRP Ledger in exchange for goods and services in the outside world. Or does it have to be a specific wallet? Source and Destination Tags Destination Tags are a feature of XRP Ledger payments will bitcoins hit 10k is it okay to send my ethereum address through email be used to indicate the beneficiary or destination for a payment. Centralized and Decentralized exchanges will co-exist in the near future, complementing each other, while also having interdependence. Follow the guidelines for reliable transaction submission when sending XRP Ledger transactions. Is that normal fee or i missed something? You can then send your funds to this address to begin trading on the platform, depending on which currency you deposit it will take different times to show up as this is reliant on that currencies blockchain. No, I get it in a few seconds here in India.

Oladayo Oladipupo December 24, at One issuing address , also known as a "cold wallet. Gateways can freeze individual accounting relationships, in case a customer address shows suspicious activity or violates a gateway's terms of use. XLM Withdrawal Address. Coinbase Wallet. POST http: The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. Ariel January 24, at 9: This reduces the costs and effort of bouncing undesired payments, if your gateway does not trade XRP. A snapshot at 0: Security isn't about absolutes. Binance relocated to Hong Kong Reply. Hi Binance friends. There are several ways in which a gateway can seek to profit from XRP Ledger integration.

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Protect yourself against reversible deposits. Furthermore, they have continually ignored all my tickets. Only transactions from a validated ledger are final. Michael December 24, at 4: Tax laws and regulations change frequently, and their application can vary widely based on specific facts and circumstances invloved. When it comes down to transfer limits, there is no limit on the number of coins that you can deposit. To use the exchange, users will first have to create an account. If you run a rippled validator, you can publish the public key of your validating server and other information about what currencies your gateway issues, and which XRP Ledger addresses you control, to protect against impostors or confusion. Thomas Garland January 23, at 3: Took about 10min. This reduces the costs and effort of bouncing undesired payments, if your gateway does not trade XRP. You do not want to accidentally refund a customer for more than they sent you! Oliver Dale December 20, at 8: Do you know how Binance operates? Very helpful for those looking to invest in cryptocurrency. Buy Bitcoin Worldwide does not offer legal advice. Binance the exchange has continued to innovate, bringing new products to market and new options for purchasing and trading cryptocurrencies to all corners of the globe. Here are some examples to give you an idea of the fees you will be paying for withdrawals:. The following is an example of using a locally-hosted rippled 's submit method to send an AccountSet transaction to enable the RequireDest flag:

I feel as if I have been hacked. Select Restore Backup. Binance has often been praised for its ethereum mining antminer ethereum mining gpu comparison variety of support coins. If you set a nonzero transfer fee, then you must send extra to pay the TransferRate when making payments from your operational address or standby address. David Pace January 17, at Amanda Gonzalez December 20, at Are you tracking the profits and new basis when you spend or sell? If present, that field indicates how much money actually got delivered to the Destination address. Ebenezer Ogbonna August 20, at 9: Philip April 24, at 2: His main niches are cryptocurrencies, business, fintech, internet marketing, and finance. International bank transfers usually carry a pretty hefty cost. Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin. Kurt December 18, at 8: The issuing address's total obligations in forgot dogecoin wallet password sha 256 gpu mining XRP Ledger decrease by 0. John January 25, at Unlike issuances, XRP is not tied to an accounting relationship.

Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, and all crypto-currencies

This is only safe if you control rippled server yourself, and you connect to it over a connection that is secure from outside listeners. At the time of writing, Binance charges an average fee of 0. Filme Noi January 12, at 7: You should always record your fees as part of the cost calculation. Hi, thanks for the insight. Since third parties can manipulate the cost of pathways between addresses, Partial Payments allow you to divest yourself of the full amount without being concerned about exchange rates within the XRP Ledger. Binance bans Chinese resident access to cooperate Chinese government but do not pose any issue on other countries. Some client applications look up the addresses associated with a gateway using ripple. Our example exchange, ACME, already accepts withdrawals and deposits from customers using some existing system, and uses its own system of record to track how much balance each user has with the exchange.

The first requirement to bouncing payments is robustly monitoring for incoming payments. Reviews Review Policy. The goal of reliably submitting transactions is to achieve the following two properties in a finite amount of time:. Transfer fees. While the support area on Binance could use a little work, bitcoin how long transaction ledger nano insufficient space team is responsive and capable of offering professional aid to traders in need. The waves competition gave away 20, Waves to Traders based on how many trades they have made of this currency. Can you work out the best way to identify your trades to optimize your qtminer ethereum performance bitcoin cash sale bitcoin sites Leave the value the amount to trust them for as 0and enable the tfSetfAuth flag for the transaction. Is this transaction labeled by Coinbase in any specific way? The IRS will automatically think that your information is incorrect and might audit you? The Binance coin can be used to pay fees and it will also feature in their future plans to create a Decentralized Exchange where it will form one of the key base currencies.

For more information, see Issuing and Operational Addresses. The old Ledger seed is now insecure and should not be reused. See also: Once money is sent, thief sweeps funds using the backup, leaving the buyer with. Say you moved money to a hardware wallet and did not sell. It will show you how much you need to pay in tax. I followed your guide on https: The cash-to-Bitcoin brokerage service operates via a network of over 1, newsagents xrp wallet install how to report profit from bitcoin Australia, and currently allows anyone to buy Bitcoin using Australian Dollars AUDand there are plans to include additional digital currencies and fiat purchasing options in the future. If, for example, it asks for the 10 th word of your seed, scroll through the words whats the current hash rate for bitcoin buy bitcoin with prepaid debit card press both buttons when you see the 10 th word of your seed. There is no watch-only mode. Oliver Dale January 26, at 5: I feel as if I have been hacked. James Thanks again, your support is pretty impressive! XLM Withdrawal Address. This section details how to use a previously initialized Ledger Nano S with Mycelium. We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform. HiI have not been verified what is should I do, I have submitted my id so many time, can you please help. The transaction cost and reserve are neutral fees denoted in XRP and not paid to any party. I got an email from binance saying that my IPA siting been changed and if I did not do that I should deactivate my account and contact binance I check my account and sure my XRP coins disappeared so I deactivated my account the problem that I been trying to contact binance but no reply multiple emails and multiple requests and no reply My account how to change eth to xrp gatehub i dont want to give my drivers license to coinbase locked and I have no access to my funds I got screwed stay away.

Very informative for me anyway. Similarly, Source Tags indicate the originator or source of a payment. Two-factor authentication is available and is always a nice sight. Tax for crypto taxation. Never submit a secret key to a server you do not control. The box ships with tamper-proof tape around the packaging. Nice try with the ninja-referral link. Ordep January 4, , 8: For example, you could connect over a loopback localhost network, a private subnet, or an encrypted VPN. Other things to note are, try a smaller test payment first if you plan to transfer large sums — it may cost you a little more in fees but will be worth it for peace of mind. Most cryptocurrencies rely on private exchanges to provide a market for the cryptocurrency, but the XRP Ledger has a currency exchange built into the protocol itself. To make things simpler for your customers, we recommend accepting payments to either operational addresses and issuing addresses. Later, bounce any other transactions that reuse the same destination tag. Hi, thanks for the insight. Ebenezer Ogbonna August 20, at 9: We recommend you bookmark the site and only use that to access it, never click links from emails, Twitter, Telegram etc. Ripple strongly recommends the following separation of roles: This is particularly important if your bounce process is automated.

So does Binance have an option to convert litecoin to bitcoin or do I have to first buy bitcoin using my litecoin in Binance. Yesterday i made few transactions. Send the bounced payment from either an operational address or ethereum purse.io binance bnb standby address. Reputation Peter, They are not labelled in. The Ledger Blue is another hardware wallet made by Ledger. Cheers Frayne Reply. Note that the private keys from your Ledger Nano S seed are now stored in Mycelium. Some transactions change your balances without being payments setx gpu_max_alloc_percent 100 ethereum ripple transaction speeds to or from one of your addresses. Is your gain a long term gain or is it short term? Work with an experienced tax advisor year-round for a flat annual fee. Check the news by clicking the tab on top line. Would it be a sell if I move it to another exchange like Binance? Two when I send back the same capital gains into bitcoin… again What do you think? Jimmy December 21, at 9: For example:

Using less direct paths can become much more expensive. For example: ACME on Ripple. Customer Support 9. The examples in this document show API methods that include a secret key. XLM Withdrawal Address. Gateway Bulletins are listed here in reverse chronological order. I would wait for a reply from a customer service person, the site is undergoing growing pains with a huge influx of new users at the moment. Get started by simply adding money to your wallet in any of the following ways: Visor Visor is an tax filing and advisory solution that removes the hassle and complexity from doing your taxes. An example flow of a payment out of the XRP Ledger: Jordan moore December 22, at 1: Oliver Dale December 22, at 7: Oliver Dale December 21, at 8: Enable the RequireAuth flag on all operational addresses so they cannot issue currency by accident.

Oh and remember to verify yourself, this s obligatory if you want to send your crypto to Binance. Also thanks for all the responses. Furthermore, gateways can permanently opt out of their ability to freeze accounting relationships. You can upload your transactions. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Only what they ask you which is bad news and not right in my opinion,I use Coinbase and Bittrex exchanges also they are more people customer friendly. James Thanks again, your support is pretty impressive! If no one complains then they step up how to buy bitcoin with wallet xrp chart balance mailings. The Billfodl protects your seed from both fire and potential floods. Our Tax Professional and Tax Firm packages allow your users to enter transactions on behalf of your clients, perform the calculations litecoin profitability decline per year venezuelans using bitcoin then download the appropriate tax information. Bernhard January 8, at These are surely some of the lowest fees available at this time. Graham December 25, at 7:

For example:. For example, a user could repeatedly send funds into and out of the XRP Ledger, as a denial of service attack that effectively empties an operational address's balance. All assets in the XRP Ledger, except for the native cryptocurrency XRP, are represented as issuances , which are digital balances that represent currency or assets of value held by an issuer. Oliver Dale December 9, at 7: And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Gateways are responsible for complying with local regulations and reporting to the appropriate agencies. Time for verification can vary depending on how busy the site support staff are, so make sure to plan ahead if you wish to withdraw larger amounts and make sure this step is complete before depositing and trading large sums on the exchange. You should publicize your bounced payments policy as part of your terms of use. Cryptocurrency Investing. Tax system. Even if the Nano S is removed after use, the wallet and its addresses will still be viewable in watch-only mode. Ease of Use 9. Trying to do google 2FA sign up is a joke without very good instructions. When a customer sends money out of the XRP Ledger, she makes an XRP Ledger payment to the gateway, and the gateway credits the customer in its own system of record, or in some other account. These 3 are fairly large entities, and popular with consumers. Reviews Review Policy. Also thanks for all the responses. Most cryptocurrencies rely on private exchanges to provide a market for the cryptocurrency, but the XRP Ledger has a currency exchange built into the protocol itself. If I try to buy BTCs with them, it says:

Would it be a sell if I move it to another exchange like Binance? OR you will never see your money again not even if you show them a picture,driver license of yourself,They make it impossible. BitcoinTaxes for Tax Professionals and Usd-x cryptocurrency exchange bitcoin cash and bitcoin in same wallet If you are a tax professional, CPA, or accountant firm, you can use BitcoinTaxes to import and calculate your client capital gains as well as income from mining or crypto-currency payment processors. You need a scheme to create Source and Destination tags for your customers and payments. Since they were new to cryptocurrency it did not mean anything to them does mining ruin gpu litecoin usb the secondhand Ledger device showed up already initialized! And as time has progressed, time and time again Binance have proven to be one of the very best, if not the best, exchanges available. Generating Source and Destination Tags You need a scheme to create Mining litecoin get paid eth credit card coinbase and Destination tags for your customers and payments. The XRP Ledger contains a currency exchange, where any user can place and fulfill bids to exchange XRP and issuances in any combination. If you set a nonzero transfer fee, then you must send extra to pay the TransferRate when making payments from your operational address or standby address. We recommend you withdraw them from the Exchange to your own wallet to hold. Some currencies like Ethereum are faster than Bitcoin which can take a. Get Started. Tax for crypto taxation. There are higher limits still, but you will need to contact xrp wallet install how to report profit from bitcoin directly to arrange. Raoul January 5, at 2: Two when I send back the same capital gains into bitcoin… again What do you think? Once you reach the desired number, press both buttons at the same time to select the next number.

Markyboy January 27, at 9: You can submit a ticket to the Binance Support team here: Oliver Dale December 22, at 7: Peter, They are not labelled in anyway. I just opened a Binance account. The advanced view uses a dark theme and makes the trading charts larger and the latest trade prices are displayed on the right with the buy sell boxes underneath. They then struck, converting all the victims altcoins to BTC and purchasing Viacoin, pumping the coin to a huge price and then selling their own supply of Viacoin at the high point, before trying to withdraw the BTC to their own wallets. If I try to buy BTCs with them, it says: Cmatystri December 28, at 1: Jordan moore December 22, at 1: Robustly monitor for incoming payments , and read the correct amount. Before we dig into the Ledger Nano S, here is brief refresh on what a hardware wallet does:. Alongside the Malta Stock Exchange, they are aiming to create a regulated and decentralized, global stock exchange for listing and trading tokenized securities alongside crypto-assets. Don't mistakenly credit someone the full amount if they only sent a partial payment. Before processing a payment out of Ripple, make sure you know the customer's identity. Track your obligations and balances within the XRP Ledger, and compare with the assets in your collateral account. Before sending a payment into the XRP Ledger, double check the cost of the payment. How do you know which one is trustworthy or not? Issuances get their value from a gateway's agreement to honor the obligation that the issuances represent.

A Great Tool for Cryptocurrency Investors

While this is more work than pocketing the money, it demonstrates good faith towards customers. Never submit a secret key to a server you do not control. Don't send your secret to a server you do not control. Using them because of the 0. Binance and Kucoin are the best exchanges right now! This manner is also easier for us users to deal with because it is easier to prove you have something than to prove you do not have it. Done My advice: DefaultRipple The DefaultRipple flag controls whether the balances in an accounting relationship allowed to ripple by default. Authorizing Trust Lines If you are using the Authorized Trust Lines feature, customers cannot hold balances you issue unless you first authorize their accounting relationships to you in the XRP Ledger. XLM Withdrawal Address. Thanks for any guidance you can give me. Using less direct paths can become much more expensive. This amount is debited from the XRP Ledger, decreasing your obligation each time your issuances change hands. First, make sure you have the latest version of Mycelium installed on your Android device. Binance bans Chinese resident access to cooperate Chinese government but do not pose any issue on other countries. Precautions Processing payments to and from the XRP Ledger naturally comes with some risks, so a gateway should be sure to take care in implementing these processes. The issuing address must always accept its issuances at face value in the XRP Ledger.

Gateways can freeze all accounting relationships to their issuing address, in case of a major security compromise or for litecoin hashrate 1080ti bitcoin console script multiplier to a new issuing address. Visor is an tax filing and advisory solution that removes the hassle coinbase last four of social bitcoin atm app complexity from doing your taxes. You are not on your. Related Articles. Just Meeh March 3, at View the Tax Professionals Directory. In other words, your addresses must pay back a little of the balance your issuing address created, each time you make a payment. You can slide the numbers higher or lower using the buttons. If I want to buy another currency on Binance for example, Po. Three different types of hardware Bitcoin wallets:

Quick Review - What is a Hardware Wallet?

Select Restore Backup. In this way, users who choose make offers in the distributed exchange provide the liquidity that makes the XRP Ledger useful. Some transactions change your balances without being payments directly to or from one of your addresses. You can visit our new Directory of Bitcoin Tax Professionals to help find crypto-currency knowledgeable tax accountants and attorneys for tax advice, tax planning or other tax services. Charles I'm totally impressed by your system. Don't mistakenly credit someone the full amount if they only sent a partial payment. Users must first undergo account verification on Binance Lite, and after being successfully verified, users can place online orders and deposit cash at their nearest newsagent, in order to receive their pre-ordered Bitcoin. These can include: Once your desired currency has loaded, take note of the left-hand column which shows prices that people are willing to sell at in the top half in red and prices people are willing to buy at in green in the bottom half. Can I just buy iota and kept them and sold them after ayear Reply. Listen in on our cryptocurrency taxation podcast series talking with accountants, tax attorneys and companies about issues around Bitcoin and crypto taxation. We are happy to recommend Binance and have added it to our list of the Best Cryptocurrency Exchanges. It can also use ripple. When you build an automated system to send payments into the XRP Ledger for your customers, you must make sure that it constructs payments carefully. If you are a tax professional, CPA, or accountant firm, you can use BitcoinTaxes to import and calculate your client capital gains as well as income from mining or crypto-currency payment processors. My wallet recieved only 17 units. There are 5 countries that crypto is illegal in. How can I know Binanace add new crypto? Your Nano S must be setup before use with Mycelium.

Or must you have to go through Coinbase? Some users have had issues when updating to new firmware. Put those schedules away for 1. Malicious actors are constantly trying to find ways to trick a system into paying them more money than it. This has been considered a disadvantage by some, as many expected trading options that would be more advanced. Contact support ripple. Hi yesterday I submitted my verification requirements for binance but I did a mistake I upload my driver license twice instead of my photo with the driver license what I need to do to fix it and also can I deposit and withdraw before getting verified Reply. Is my ether gone now? You should use the SourceTag value source. Philip April 24, at 2: Iwa3 January 3, at 1: While the support area on Binance could use a little work, the team is responsive and capable of offering professional aid to traders in need. Gateways are businesses that provide a way for money and other forms of value to move in and out of the XRP Ledger. Writing smart contracts ethereum quotes about cryptocurrency DefaultRipple flag controls whether the balances in an accounting relationship allowed to ripple by default. Historically, Ripple the company issued gateway bulletins purse.io error account was verified by another user bitcoin reason.com introduce new features or discuss topics related to compliance and risk. Keep away for them and Being based in Malta it is hard to get decent service. Hardware wallets are secure, offline devices.

Cryptocurrency Taxation Podcasts

No computer system can force an XRP Ledger gateway to honor that obligation. The hackers tried to pull off an audacious move which was luckily caught by the automated systems in place at the exchange. Is my ether gone now? I definitely recommend binance Reply. Include wallet addresses, times of transactions and any other information you think they might need to help speed up the process. We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform. ACME on Ripple. Peter, They are not labelled in anyway. Leave a reply Cancel reply Your email address will not be published. Know Your Customer KYC Know Your Customer KYC refers to due diligence activities conducted by a financial institution to determine and verify the identity of its customers to prevent use of the institution for criminal activity. Enable the RequireDest flag for the issuing address and all operational addresses, so customers do not accidentally send a payment without the destination tag to indicate who should be credited.

Switch to market and get the market rate. The current rankings show that the person in first place had over BTC volume in trades so you will need to be a whale to be in with a chance of winning first prize. As with all financial exchange, bitcoin growth potential best site for cryptocurrency trading are not guaranteed. XRP Ledger payments can automatically bridge between currencies, but an issuing gateway normally only sends single-currency payments that go directly to customers. I have been in confusion for many days, once I transferred my but coins into binance, I could start trading right? However, the customer would need to send 5. We'll show your Capital Gains Report detailing every transaction's cost basis, sale proceeds and gain. Send the bounced payment from either an operational address or a standby address. This is especially important because more coinbase than schwab argo partners bitcoin users sending money from the XRP Ledger could be different than the ones that initially received the money in the XRP Ledger. We have now carried out a full review of Binance Jersey, so take a look for more indepth details about the new platform.

The number in the middle shows the last sale price. The issuing address's negative balances should match the assets you have allocated to XRP Ledger outside the network. Himanshu G April 8, at As it reportedly has access to abundant resources and partners, chances are that Binance will continue to evolve and offer great digital currency exchange services to its clients. Anyone interested in a project should first go to the Binance Launchpad website and click on the project page and thoroughly research any of the projects on offer. To use the exchange, users will first have to create an account. It will secure ways for secondary trading of equity tokens and enable companies around the world to fundraise on Blockchain in a legal way while offering much-needed liquidity. Note that the private keys from your Ledger Nano S seed are now stored in Mycelium. In particular, note the following features of the Payment transaction:. They will move to the lower threshold and only be eligible to claim 2 lottery tickets. Great source.