Question: sam lost 1 0 0 0 0 0 in a poker game earlier this year but could only deduct 4 0 0 0 0 on

sam lost 100000 in a poker game earlier this year but could only deduct 40000 on his tax return due to gambling income limitations. sam may carry forward the remaining 60000 of excess gambling losses to next years tax return. true or false

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