So if you won $2000 but lost $5,000, your itemized deduction is limited to $2,000. You can’t use the remaining $3,000 to lessen your other taxable income. You have to claim $2,000 in revenue on your Form 1040 and then separately claim $two,000 as an itemized deduction. Which on https://manuel5su40.thezenweb.com/Strange-Report-Reveals-The-Misleading-Practices-of--53944545