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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
March 15, 2023
6:13 PM