Washington § 82A.04.340 - Taxable income — Wagering losses.

Full text of Washington Revised Code of Washington § 82A.04.340 — Taxable income — Wagering losses., with citation guidance and answers to common questions.

§ 82A.04.340. Taxable income — Wagering losses.

In computing a taxpayer's Washington taxable income, the taxpayer must deduct an amount equal to 90 percent of any Washington allocated wagering losses for the tax year. The amount of the losses deducted cannot be more than the Washington allocated wagering income included in the taxpayer's Washington base income. Wagering losses may not be carried forward or backward. The wagering loss deduction must be adjusted for nonresidents as provided in RCW 82A.04.410.
[ 2026 c 238 s 312.]

Notes

Findings—Intent—Effect of invalidation of 2026 c 238 s 201—Automatic expiration date and tax preference performance statement exemption—Necessity of act—Intent—Implementation by department of revenue—2026 c 238: See notes following RCW 82A.04.030.

Source: official Washington text · Last verified 2026-08-27

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Frequently Asked Questions About Washington § 82A.04.340

What does Revised Code of Washington § 82A.04.340 cover?

Section 82A.04.340 ("Taxable income — Wagering losses.") is part of the Revised Code of Washington, the codified statutory law of Washington. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Washington § 82A.04.340?

A common citation format is "Revised Code of Washington § 82A.04.340" (Washington). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Washington law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Washington official source linked on this page or consult a licensed Washington attorney.

How does Washington § 82A.04.340 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Washington can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

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