Question: During 2 0 2 3 , Debra Smith visits a casino and a race track. She has gambling winnings of $ 5 , 4 0

During 2023, Debra Smith visits a casino and a race track. She has gambling winnings of $5,400 and gambling losses of $5,700. Debra must report the full amount of her gambling winnings for the year on her Schedule 1(Form 1040). Additionally, she may deduct what amount of her gambling losses for the year on her Schedule A (Form 1040)?
A. $0

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