Write a one-page memo to your professor regarding your client Gullible Gambler's ability or inability to deduct $6,100 he spent on gambling supplies to practice his new business venture - ripping off casinos. He bought the tools and supplies in 2022 and wants to deduct this expenditure on his 2022 tax return. Mr. Gambler is a compulsive gambler and lost $1,000,000 in 2021. He decided that he wanted to make it his personal business to rip off the casinos that tempted him with sweet "comps" in 2021. His actions are illegal and in violation of federal law. He won $7,000,000 at the Golden Jack-A-Lo Casino in 2022 but lost $7,100,000 at the Silver Toil Mine Casino in 2022. Is the $6,100 he spent on gambling supplies deductible