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George was lucky at slots last year and won a few jackpots for a total of $17,0000. George has documentation to support $19,000 of losses

George was lucky at slots last year and won a few jackpots for a total of $17,0000. George has documentation to support $19,000 of losses on Schedule A. George will be able to report his $2,000 loss for the year.
True or False

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