Which of the following can be included in gambling losses?

Gambling losses can be deducted from gambling winnings, but only to the extent of the winnings. The correct answer includes actual wagers from various forms of gambling, which encompasses all types of gambling losses that can be experienced, including those from casinos, lotteries, online gaming, and other gambling activities.

This means that if a person participates in multiple forms of gambling and incurs losses, they are allowed to report those losses as deductions on their tax return, which helps in offsetting the taxable income they earned from gambling winnings. For example, if someone won $5,000 from poker but lost $2,000 playing slot machines and another $1,000 on a lottery ticket, they could only deduct the $3,000 in losses against the $5,000 in winnings.

The other options are limited in scope. They either restrict the types of gambling loss sources or incorrectly suggest that only certain forms of gambling apply, which does not reflect the broader IRS guidelines that permit deductions across a variety of gambling activities.