Ellen is 48 years old and files as single. Her 2022 adjusted gross income (AGI) is $51,000
Ellen is 48 years old and files as single.
Her 2022 adjusted gross income (AGI) is $51,000, which includes gambling winnings of
$2,000.
Ellen would like to itemize her deductions this year.
Ellen brings documents for the following expenses:
$9,000 Hospital and doctor bills
$500 Contributions to Health Savings Account (HSA)
$3,600 State withholding (higher than Ellen's calculated state sales tax deduction)
$300 Personal property taxes based on the value of the vehicle
$400 Friend’s personal GoFundMe campaign
$275 Cash contributions to the Red Cross
$200 Fair market value of clothing in good condition donated to the Salvation Army
(Ellen purchased the clothing for $900)
$7,300 Mortgage interest
$2,300 Real estate tax
$150 Homeowners association fees
$3,000 Gambling losses
11. Ellen can claim the $400 she donated to her friend's personal GoFundMe campaign as a
deduction on her Schedule A.True/False
What amount of gambling losses is Ellen eligible to claim as a deduction on her Schedule A?
a. $0
b. $1,000
c. $2,000
d. $3,000
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