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I have an issue with reporting gambling wins/losses.
The easy part is submitting the total wins and the total losses, but then several casinos mailed me 1099-MISC forms (not all of them). The 1099-MISC data is only the total of the wins (no losses are accounted for) so this doubles the wins for these casinos and a much larger tax burden.
How do I either submit the losses for these 1099-MISC or how do I deduct the amounts on the 1099-MISC? I heard from other sources that I can enter it into Misc Income/1099-A/1099-C as the negative amount on each of the 1099-MISC. Is this an appropriate method of offsetting these specific 1099-MISCs?
‎February 21, 2026
8:17 PM