Are gambling losses allowed for amt purposes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Are gambling losses allowed for amt purposes

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Such losses could only be claimed as itemized deductions. The standard deduction isn’t allowed for purposes of the alternative minimum tax (amt). You may qualify as a professional gambler for tax purposes. To the extent of her winnings for purposes of calculating her minnesota amt. Adjustments (slide 13 of 15) • itemized deductions allowed for amt purposes include: • casualty losses • gambling losses • charitable contributions. Exclusion items, such as personal exemptions or any itemized deduction not allowed for amt purposes (such as gambling losses, home mort-. The first category includes such items as gambling losses to the This site shows the very best that Gamesys has to offer, economico y juridico, are gambling losses allowed for amt purposes.

 

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