Adam went to Casinos at Lake Charles for his vacation once a year. This year, Adam put $3,500 for wagering. However, he only had winnings of $1,800.

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Research Question: Adam went to Casinos at Lake Charles for his vacation once a year. This year, Adam put $3,500 for wagering. However, he only had winnings of $1,800.

Instruction: Advise Adam where he should report his gambling winnings and losses. You should analyze and cite primary authority to back up your conclusion. (IRS website or tax law/cases)

Format: Double-spaced, font 12, Times New Roman, 2 pages at maximum.

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