8. In 2020, Anne Able wins a $10,000 lottery prize, but loses $3,000 betting on horse races. Assuming that Anne itemizes her deductions, how should she report the gambling activity on her federal income tax return? A. Gross income of $10,000; zero itemized deduction B. Gross income of $7,000; zero itemized deduction C. Gross income of $10,000; $3,000 deduction for AGI D. Gross income of $10,000; itemized deduction of $3,000 E. None of the above