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Gross winnings and itemized losses separately. Not net.
Mentor
What above said you have to pick up all as gross income and only do you get to itemize losses up to winnings. Some states like MI didn’t allow for any losses so you can get screwed. Best of luck and hopefully you already itemize or are close. I’ve helped some with $100ks in losses who owed on states at a local practice.
Thanks! From what I read you can itemize deductions and that way you can include the losses to show net. But if you take standard deduction you have to show winnings. However you can document each “session” of your wins/losses as net. But I guess it’s open for interpretation by the taxpayer how session is defined?