Question
Julie visited Las Vegas before the Coronavirus pandemic and won $2,500 from the Nevada lottery on March 10th, 2020. She won an additional $250 on
Julie visited Las Vegas before the Coronavirus pandemic and won $2,500 from the Nevada lottery on March 10th, 2020. She won an additional $250 on June 19th. Julie also spent a total of $1,800 on lottery tickets during that year.After Julie won the lottery, her friend, Agnes, gave her $135 in lottery tickets that she (Agnes) had purchased during the year. Note that Julie does not qualify to itemize deductions on her return.What amount of income must Julie report? and what form must she use to report gambling winnings?
a) $2,750/Schedule 1. b) $ 815/Form 1040. c) $ 950/Schedule 2. d) $ 0/Schedule 3.
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