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A taxpayer is an occasional gambler and won $15,000 at the casino for tax year 2022. over the course of the tax year, the taxpayer
A taxpayer is an occasional gambler and won $15,000 at the casino for tax year 2022. over the course of the tax year, the taxpayer has a record of $18,763 in gambling losses. if the taxpayer itemizes, is this statement correct? 5,000 can be reported as losses on the schedule a, with an allowable $3,000 carryforward. $15,000 can be reported as losses on the Schedule A
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