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Get your taxes done using TurboTax
No I'm saying report the full amount on the 1099k as gambling winnings.
than also on the itemized portion where you can report losses I will report the full amount of my winnings as gambling losses. I can show those records if requested. My goal here is to report my gambling winnings and losses properly. However since I lost over 10k net after all my wins and losses are calculated I don't believe I will be taxed on that gambling wins as income because I have the losses to more than out weigh the amount that showed up in this 1099k. Essentially it looks like I earned way more in 2022 than I did. However in reality I lost money overall by a large amount in gambling net
‎January 29, 2023
8:14 AM