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Won (or lost) your March Madness bets? Don't forget to report them on your taxes | CNN Business

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Won (or lost) your March Madness bets? Don't forget to report them on your taxes | CNN Business

If you won big on bets you made for the March Madness men's and women's NCAA tournaments, enjoy the money. Just know that some chunk of it may need to go to the IRS, and possibly your state, too.

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Won (or lost) your March Madness bets? Don't forget to report them on your taxes | CNN Business

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Won (or lost) your March Madness bets? Don't forget to report them on your taxes | CNN Business

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