trkmansl
New Member

Get your taxes done using TurboTax

I received a 1099-MISC from the New York Racing Association for $888.  It was winnings from horse racing.  I lost way more than I won that day.  If it were a 1099-G, there is a spot to enter losses against winnings.  The only place to do anything like that is where it asks if the fair market value is less  than the 1099-MISC.  Would I put zero there, or should I enter under the gambling winnings, where it asks about any other gambling winnings that I did not receive a W2-G?

Thanks