Your client, Carl, loves to gamble online. For tax year 2024, he presents you with a log of all his online gambling activity from the platform he uses – and there are 337,708 individual bets, with total wagers of $6,915,615 and total wins of $6,620,455, for a total loss of $295,160.
Read More: https://www.tomtalkstaxes.com/p/using-ai-to-calculate-gambling-wins (September 19, 2025)