Originally Posted by chickens
Are the offsetting losses only prior to your win? If I have 10k withheld can I sign up for two 5000$ tournaments and then claim those as losses if I fail to cash?
No, they do not have to be before. Gambling losses or Buy-ins can offset winnings only if they are all in the same year.
So, if you won $$ in January, you can offset that win with BI's until December 31.