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<not an expert disclaimer>
check with your accountant, i think you can only deduct losses against winnings...in other words, if you win 10K over the year, and you lose more than 10K, then you're clean. if you win more than you lose, you have to pay taxes on the difference. if you have net losses (you lose more than you win), you're SOL. at least that's my understanding
</not an expert disclaimer>
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icq: 541-739-92
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