Question: Discussion Question 4 - 3 ( LO . 1 ) Allen visits Reno, Nevada, once a year to gamble. This year his gambling loss was

Discussion Question 4-3(LO.1)
Allen visits Reno, Nevada, once a year to gamble. This year his gambling loss was $25,000. He commented to you, "At least I didn't have to pay for my airfare and hotel room. The casino paid that because I am such a good customer. That was worth at least $3,000."
Select "True" or "False" to classify the following statements regarding Allen's relevant tax issues.

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