Erics1987
New Member

1099-MISC Social Casino issued

1099-MISC box 3 for prizes where I put wager down

Hi all, I have  big issues and can’t find a straight answer anywhere. 

In 2025, I played online slots at multiple Social Casinos (SpinQuest, Chanced, etc)  where I put money in, play, and either win or lose. I got quite a surprise when I was taxed on total withdrawals via 1099-MISC form. This form only shows Box 3. (Other Income) and does not account for any of the losses or money put back into the site. 

 

*Example I deposit 2000 decide after an hour I'm finished playing and cash out lets say 1800. but I end up getting taxed on the full 1800 since it was withdrawal (virtually just being taxed on money I put in in the first place) make this make sense.....

 

I am already struggling from  a large gambling addiction and have lost WAY more on these sites with bank statements, win/loss etc  than what they are claiming on my 1099-MISC and I have no way to claim my losses on the 12,900 they are claiming I made (APPOX-$2500 in taxes owed) 

 

This seems like a really dirty move by these social casinos and they should be held accountable for this and investigated , I am in shambles over all of this and desperate for any help.

 

Any help would be very appreciated!