I received PayPal 1099-K for withdrawing money from online lottery gambling (VA Lottery), and I already have a record that I lost money more than what was reported on 1099-K.
PayPal 1099-K reported $1,149 total in "income" but my losses were $1,400. Where do I report that to offset that? I have a record of deposits.
No, I did not get W-2G because all of my lottery winnings were between $0.20 to $75.
