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Estevano_
Returning Member

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_
Returning Member

Gambling

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

rjs
Level 15
Level 15

Gambling

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