Question: Shannon won $ 1 , 0 0 0 in a poker tournament she entered in May. In July and September, she lost $ 6 0

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?A. $0B. $700C. $1,000D. $1,300

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