111k views
5 votes
Shannon won $1,000 in a poker tournament she entered in May. In July and September, she lost $600 and $700 in two other tournaments. She reported $1,000 of gambling winnings on Form 1040. What amount can Shannon deduct as gambling losses for the year on Schedule A

User Faire
by
6.8k points

1 Answer

5 votes

Answer:

The answer is $1300.

User Drew Steen
by
8.2k points