smith2
New Member

I received a 1099 misc for gambling prize but it always goes to my owning a business

how do I show this as a prize and not a business
PatriciaR
New Member

Get your taxes done using TurboTax

To enter your 1099-MISC for gambling prize, follow these steps:

  • While signed into your return, go to the Search box (upper right of program) and search "1099 misc"
  • Select the "Jump to" link from results
  • Enter your 1099-MISC info and continue to next page and describe the reason you received the form.
  • Continue to next page where you will see Does one of these uncommon situations apply?  Check the box for "This was prize winnings"



View solution in original post