@mythara please be more specific... a 1099 what? MISC? please provide the entire form number.
if you received a brand new car for winning something and you are now going to use the fair market value of the car. be sure you are using the fair market value of a brand new car with the same features as the car you received has.
Regardless of the form, you can only deduct your losses if your are itemizing. Otherwise, you can't deduct gambling losses.
