35 Miss. Code R. § 3-03-09-104
Current through May 31, 2024
Mississippi follows federal rules, regulations, and revenue procedures to the extent not contrary to the laws of this state in determining the amount of gaming income received and gaming losses incurred by Mississippi residents at non-Mississippi gaming establishments. Non-Mississippi gaming income is reported apart from any non-Mississippi gaming losses incurred. Non-Mississippi gaming losses are allowed as an itemized deduction to the extent of any non-Mississippi gaming income. In no event may the deduction for such losses exceed the non-Mississippi gaming income.
35 Miss. Code. R. § 3-03-09-104