John and Shirley Duo are married taxpayers who are planning to file MFJ for 2020. They have the following items of income for 2020. Please indicate what amount, if any, should be included in AGI for 2020 for each potential income item:

• John is a professional gambler and took a trip to Las Vegas to participate in a poker tournament. John won $200,000 playing poker. He spent $4,000 for entry fees for the tournament. What amount, if any, should be included in AGI as a result of these transactions?

Group of answer choices

$0

($4,000)

$4,000

$200,000

$196,000