The 1099 I received is from PayPal. PayPal generates them after a threshold of monetary value or transactions. The problem I’m having is this. I deposited a thousand dollars at a casino online. I played for a while and then withdrew the remaining amount of my money to PayPal. I did this countless times. But because money entered PayPal they assumed I have a business and sent me a 1099k. I am significantly down at the online casinos. Is there a way to offset this? I’m in an utter panic.
