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Business, 08.04.2021 18:40 MissSusan183

Allison won $3,200 betting on a long-shot in the Kentucky Derby. Unfortunately, she lost her lucky streak and ended up losing $5,000 on her next (and last) trip to the racetrack. Allison heard that she will be able to deduct her gambling losses, so she is feeling a little better. Assuming that Allison is not a professional gambler and does not itemize deductions, how much of the $5,000 loss will she be able to deduct

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Allison won $3,200 betting on a long-shot in the Kentucky Derby. Unfortunately, she lost her lucky s...

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