Should Prizepicks report gambling winnings on IRS form W-2g, you would report that amount. Then post here to ask how you report the IRS form 1099-K from PayPal.
Follow these steps to report both income and losses in TurboTax Online:
- Down the left side of the screen, click on Federal.
- Down the left side of the screen, click on Wages & Income.
- Scroll down to Less Common Income. Click the down arrow to the right.
- Click to the right of Gambling Winnings.
See this TurboTax Help.
Be advised that IRS form W-2G reports gambling winnings. IRS form 1099-K reports third-party transactions.
See also the comments of @PatriciaV above.
@Teejay1208
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