official 2006 tax brags and beats

[TBag]

So here's a situation:

Say someone wins some money in 2005 and pays about 24k in taxes. Said person continues to play in 2006 and has a losing year of 20k.

True or false?

1) Said player must report for 2006
2) Said player cannot deduct from anything if he has no other forms of income.

[ikestoys]

Brag: The amount I'll have to pay more taxes on the money I've made this year > what i made playing last year

[NajdorfDefense]

[ QUOTE ]
So here's a situation:

Say someone wins some money in 2005 and pays about 24k in taxes. Said person continues to play in 2006 and has a losing year of 20k.

True or false?

1) Said player must report for 2006
2) Said player cannot deduct from anything if he has no other forms of income.

[/ QUOTE ]

LDO.