George4Tacks
Level 15
12-30-2024
11:42 AM
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@singh I think there was a question, but no ? mark. No do not manually make an adjustment.
When all else fails read the instructions.
Limitation on wagering losses – Under federal law, all deductions for expenses incurred in carrying out wagering transactions, and not just gambling losses, are limited to the extent of gambling winnings. California does not conform. Figure the difference between the amounts allowed using federal law and California law. Enter the difference on line 3, column B.
Answers are easy. Questions are hard!