Hortencia is employed as an accountant for a large firm in San Diego. For relaxation she likes
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Hortencia is employed as an accountant for a large firm in San Diego. For relaxation she likes to go to a nearby casino and play in blackjack tournaments. During 2018, she incurred $6,475 in gambling losses and $5,250 in gambling winnings.
Hortencia plans to itemize her deductions in 2018 because she purchased a home this year and has mortgage interest expense; what amount could she claim on her return for other itemized deductions for the year?
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Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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