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Get your taxes done using TurboTax
You may have entered it in the wrong sect. Delete the one you entered. Follow these steps:
- Federal
- Income & Wages
- Other Common Income
- Form 1099-Misc
- Fill in the information
- Under reason: Prize winnings
- Next page: prize winnings
On your 1040, it will appear on Line 21 as Gambling Winnings. This is how the IRS looks at these prizes.
‎June 4, 2019
7:16 PM