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    Taxation of Individuals
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    Exam 5: Gross Income and Exclusions
  5. Question
    Gambling Winnings Are Included in Gross Income Only to the Extent
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Gambling Winnings Are Included in Gross Income Only to the Extent

Question 147

Question 147

True/False

Gambling winnings are included in gross income only to the extent that the winnings exceed gambling losses incurred during the same period.

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