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I received 1099-misc for money I won at team roping competitions - my hobby. My expenses are far more than the winnings. Do I still have to claim the 1099-misc?
I received 1099-misc for money I won at some team roping (rodeo event) competitions. This is a hobby not business income. My hobby expenses are far more than the income. Do I still need to enter the 1099-misc into my federal return? Can I claim the expenses for the same hobby?
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‎June 4, 2019
8:43 PM