Cindy0H
New Member

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.

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