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?
You'll need to sign in or create an account to connect with an expert.
This is a dumb question. Gambling losses are deductable, except California state lottery losses. I think
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
bw161
New Member
tcrc0005
New Member
jpnadere
Level 2
user20069
New Member
judithkas
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.