tleDec 27, 2021 · 3 years ago1 answers What are the tax implications for online gambling winnings in Michigan?
I recently won some money from online gambling in Michigan. I'm wondering what the tax implications are for my winnings. Do I need to report them to the IRS? Are there any specific tax laws or regulations that apply to online gambling winnings in Michigan? How much of my winnings will be subject to taxes? Can I deduct any gambling losses from my taxes? I want to make sure I comply with all the tax requirements and avoid any penalties or legal issues.