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Tommy lost $40,000 at the blackjack table, and won $10,000 from the roulette table at a casino. How much of a miscellaneous itemized deduction can

Tommy lost $40,000 at the blackjack table, and won $10,000 from the roulette table at a casino. How much of a miscellaneous itemized deduction can Tommy claim for gambling losses on his Federal Income Tax Return?

a. $0

b. $10,000

c. $30,000

d. $40,000

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