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Level 2
August 3, 2021
Question

Gambling

  • August 3, 2021
  • 2 replies
  • 7 views

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
    August 3, 2021

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

    rjs
    Level 15
    Level 15
    August 3, 2021

    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.