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Get your taxes done using TurboTax
Diane,
Thanks for your reply.
Since TurboTax does not allow identification of a 1099-Misc entry as a gambling win (unlike a W-2G), there is no way to directly offset this reported income with gambling losses (assuming the taxpayer itemizes his deductions). If you know a trick, please share, otherwise we are simply repeating the same steps previously discussed and the 1099-Misc now becomes double reported income along with reporting the win in less common income.
‎February 5, 2025
2:55 PM