26 C.F.R. · Internal Revenue
26 C.F.R. § 1.165.10

Wagering losses.

Title 26 C.F.R. ● ACTIVE Primary Source
Regulatory Text

26 C.F.R. § 1.165.10 — Wagering losses.

§ 1.165–10 Wagering losses. Losses sustained during the taxable year on wagering transactions shall be allowed as a deduction but only to the extent of the gains during the taxable year from such transactions. In the case of a husband and wife making a joint return for the taxable year, the combined losses of the spouses from wagering transactions shall be allowed to the extent of the combined gains of the spouses from wagering transactions.

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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BS-CFR26-SEC-CA7274
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REGULATION / FEDERAL-CFR-SECTION
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boisestandard.org
Citation
26 C.F.R. § 1.165.10
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
Source
PRIMARY-SOURCE
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✓ TRUE
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The regulatory text of 26 C.F.R. § 1.165.10 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 26 26 C.F.R. § 1.165.10