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John likes to gamble. In Year 1, he had $23,000 gambling income and $32,000 gambling losses. He tracked all his gambling income and losses every
John likes to gamble. In Year 1, he had $23,000 gambling income and $32,000 gambling losses. He tracked all his gambling income and losses every day. John filed as a single taxpayer. If he used itemized deduction in his tax return in Year 1, can much could he deduct his gambling loss if he uses itemized deduction in 2018?
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