>---In vpFREE@yahoogroups.com, <007@...> wrote :
> I believe losses on schedule C are neither gambling nor investment, but business losses, which can be carried forward.
>
>
> NOTI is correct. When your Sch C business is gambling, losses are not treated the same as Sch C losses from other kinds of business. Sch C losses from a gambling business can't be used to offset other income and can't be carried forward to other tax years.
>
>
> --Dunbar
You might be right, technically, for all I know, but I've done it
before and gotten a refund from a NOL carryback. I'll hope that
what's discussed on vpFree stays on vpFree.
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