Colorado addback for itemized deductions.

[judithkas]

Client had over 1 million in gambling income and more in gambling losses (limited to income) but Colorado is adding back all but 16,000.  Is there any way around this insane measure?  Resulting in Colorado  charging/collecting more than $50,000. in tax while client had an actual loss of more than $300,000.00.  How they can tax losses should be criminal. 

[rjs]

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