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2. Gambling Winnings
During 2000, respondent received from Showboat Casino three
Forms W2-G, Statement for Recipients of Certain Gambling
Winnings. Two of the Forms W2-G were dated May 22, 2000, and
reported that petitioner had won a total of $3,100. The third
Form W2-G dated August 9, 2000, reported that petitioner had an
additional $1,500 of gambling winnings.
On his March return, petitioner reported $18,100 of gambling
winnings and an equivalent amount of gambling losses.
Petitioner's "amended return" reflected the winnings as $1,500.
Petitioner did not maintain a diary or any other contemporaneous
record reflecting either his gambling winnings or losses during
the 2000 taxable year.
3. Interest Income
Petitioner received taxable interest income of $298 during
the 2000 taxable year.
B. Petitioner's Deductions for the 2000 Taxable Year
1. Itemized Deductions
The parties agree that petitioner is entitled to the
following itemized deductions:
Expense Amount
State and local income taxes $5,871
Real estate taxes 1,743
Home mortgage interest 4,903
Gifts to charity 1,140
Total 13,657
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Last modified: May 25, 2011