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Get your taxes done using TurboTax
Disclaimer: I am not a tax professional and am not qualified to give tax advice.
Here are a few resources I've found helpful in explaining the topic. I was especially interested in the definition of a gambling session and course-of-play wagering.
Michigan Income Tax - Treatment of Gambling Gains, Losses, and Expenses
https://www.michigan.gov/documents/treasury/RAB_2016-3_Income_Tax_Treatment_of_Gambling_608743_7.pdf
Taxation of Recreational Gamblers: An Overview of How to Report Wagering Gains and Losses
Gambling Taxes: US Income Tax
ā€ˇFebruary 8, 2021
11:59 AM