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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
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June 5, 2019
11:44 AM
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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"
June 5, 2019
11:44 AM