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A taxpayer is an occasional gambler and won $15,000 at the casino for tax year 2020 . Over the course of the tax year, the
A taxpayer is an occasional gambler and won $15,000 at the casino for tax year 2020 . 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? $18,763 can be reported as losses on the Schedule A. A taxpayer is an occasional gambler and won $15,000 at the casino for tax year 2020 . 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? $18,763 can be reported as losses on the Schedule C
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