rtreut
New Member

Get your taxes done using TurboTax

Thanks for your reply. In this instance, the winnings were 300x the wager (so long as the "amount wagered" is defined by the cost of the raffle ticket that won, in this instance a $1 ticket. I bought $20 worth of tickets, but only one was the winner, obviously.) I'm not sure such a raffle should be considered an "identical wager". It seems to me that $3600 should be in Box 1 but not Box 7. What do you think?