Email to supervisor

Mr$.$ Roy L$.$ Flush, is a full$-$time professional poker player who lives in Las Vegas, Nevada. Roy has been competing in poker tournaments for many years. For the last several years, Roy has been very successful, and his poker tournament winnings have far exceeded is losses and expenses. Unfortunately, last year was not a good one for Roy. Last year, Roy won money at some poker tournaments, amounting to $$180,000$ in winnings, but he lost $$260,000$ in other poker tournaments. In addition, Roy incurred the following expenses last year: $($a$)$ Travel to poker tournaments $($held other than in Las Vegas$)$: $$2,500$ and $($b$)$ Tournament admission$/$entry fees: $$10,500.$ Roy also earned $$90,000$ of investment income last year.

$11\mathrm{.}5$ page email to supervisor on deductibility of losses. $3$ citations maximum.