Question
Charlie has a Schedule C business with net income of $40,000. He also has $20,000 in gambling winnings reported on Schedule 1. If Charlie lost
Charlie has a Schedule C business with net income of $40,000. He also has $20,000 in gambling winnings reported on Schedule 1. If Charlie lost $60,000 gambling (and has no other income) what is his Federal gambling loss deduction on Schedule A (assume he does itemize)?
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Management Accounting And Control Systems An Organizational And Sociological Approach
Authors: Norman B. Macintosh, Paolo Quattrone
2nd Edition
0470714476, 978-0470714478
