asked 111k views
5 votes
Shannon won $1,000 in a poker tournament she entered in May. In July and September, she lost $600 and $700 in two other tournaments. She reported $1,000 of gambling winnings on Form 1040. What amount can Shannon deduct as gambling losses for the year on Schedule A

asked
User Faire
by
7.6k points

1 Answer

5 votes

Answer:

The answer is $1300.

answered
User Drew Steen
by
8.9k points
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