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Level 2
Aug 3, 2021 1:15 AM UTC
Question

Gambling

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?

    2 replies

    Estevano_Author
    Level 2
    Aug 3, 2021 1:22 AM UTC

    This is a dumb question. Gambling losses are deductable, except California state lottery losses. I think

    rjs
    Level 15
    Level 15
    Aug 3, 2021 1:26 AM UTC

    This TurboTax support community is run by Intuit, the company that makes TurboTax, to help people prepare their own tax returns using TurboTax. It is not a homework help forum or a test help forum.