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You just won $2,500 at the casino. You look at your total session and realize that it cost you $4,000 to win the $2,500
You just won $2,500 at the casino. You look at your total session and realize that it cost you $4,000 to win the $2,500 (In other words, you lost $1,500 for the day). What do you have to report? O a. Bribe the casino and tell them not to report the winnings O b. You don't have to report the income but you cannot take a deduction for gambling losses O c. You can take the $1,500 loss O d. All $2,500 is income and reported
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