August 2, 2021 6:15 PM
last updated August 02, 2021 6:15 PM
Sharon won $10,000 from the California Lottery on October 10, 2020. Sharon's gambling losses in 2020 were $5,000 playing the California Lottery. How much of the $5,000 wagering losses playing the California Lottery may Sharon deduct from the $10,000 winnings from the California Lottery in 2020?
August 2, 2021 6:22 PM
This is a dumb question. Gambling losses are deductable, except California state lottery losses. I think
August 2, 2021 6:26 PM
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