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How would a professional gambler calculate taxable income? Assuming: he is a professional gambler and has business expenses and income from anther job and he
How would a professional gambler calculate taxable income?
Assuming:
he is a professional gambler and
has business expenses
and income from anther job
and he incurred more losses than wins this calendar year.
Just make up numbers and show me.
If you can refer IRS code law please do.
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