Chance won $1,000 at Lucky Casino and $1,350 at Riverboat Casino. His losses for the year at Lucky
Casino were $2,000 and his losses at Riverboat Casino were $800. He also spent $100 for lottery
tickets without winning anything. Assuming Chance has all required substantiation, what amount of
gambling losses can he deduct on his federal return as an itemized deduction?
0 $0
0 $2,350
0 $2,800
0 $2,900