For Draftkings Reignmakers "winnings" they send you a 1099 Misc.
Entering that # in TurboTax in the "other" income section (where it belongs) doesn't give you an option to select gambling losses to offset the "winnings". There has to be a way to deduct the cost of the contests, otherwise I lost money on the contests AND have to pay taxes on the money I got back which was substantially less than I put in. Doesn't qualify as a business so can take the deduction in Schedule C.
Any suggestions? Thank you!
