Restrictions on intra-head loss adjustments limit certain losses to like income and bar offsets against gambling winnings. Restrictions limit intra-head loss adjustments: speculative business loss only against speculative income; long-term capital loss only against long-term capital gains while short-term capital loss may be set off against either; losses cannot be set off against winnings from lotteries, gambling, or betting; racehorse business loss is confined to that business; and losses from specified businesses (such as cold chain, warehousing for agricultural produce, or housing projects) are restricted to income from the specified business.