SBWagers $21677 = money wagered
SBWinnings $20502 = money won
WinLoss -$1174.89 = net loss (21677-20502=1175)
GamingDeposits $2003 = money wagered
GamingWithdrawals $669 = money won
Net Loss: -$1334.58 = net loss (2003-669=1334)
i totally disagree that he had no reportable income or deductions.
winnings 20502 + 2003
losses on schedule a limited to winnings 20502+2003
you can not net winnings and losses. winnings must be reported gross and losses are limited to winnings and are only deductible if one itemizes.
