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Which of the following is a false statement regarding the taxation of gambling winnings and losses in California? A. California law allows gambling losses only

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Which of the following is a false statement regarding the taxation of gambling winnings and losses in California? A. California law allows gambling losses only to the extent of reported gambling income B. California does not tax California lottery winnings C. California does not tax lottery winnings from other states D. There may be a difference between California and Federal taxable gambling income

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