Originally Posted by
jimsmith
This year I'm thinking about filing taxes as a professional gambler. I have other income sources but I've studied a lot on gambling and believe I'm skilled enough to have an advantage and be a pro long term.
The thing is I've had a pretty bad year so far and am down quite a bit, so my first year of filing will probably a loss.
If I file as a pro can I take this gambling loss against my other income?
Are there certain rules about filing as a pro gambler like you cannot file the first year if you have a loss?
thanks
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