At that level, probably none: http://www.fitz-cpa.com/gambling.aspx#GM7 http://www.fitz-cpa.com/gambling.aspx#GM7 Once you are in AMT territory, you lose the

At that level, probably none: http://www.fitz-cpa.com/gambling.aspx#GM7 http://www.fitz-cpa.com/gambling.aspx#GM7 Once you are in AMT territory, you lose the deduction.