So are poker players/bettors screwed for Roth IRAs?

[domer2]

Since Roth IRAs are based upon MAGI instead of taxable income, your losses/deductions cannot be utilized for a Roth if I am understanding it correctly.

For instance, if you have income of 200k but losses of 140k, you don't qualify. Even though you earned well, well under the limit of $99k for individuals.

Do I have that right?