- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
@mythara wrote:since i won it by gambling and my gambling incurred entries?
If I'm reading that correctly, your gambling merely entered you into a non-gambling drawing. As a prize in a non-gambling drawing, no, you can not use gambling losses to offset the prize winnings. That explains why you received a 1099-MISC rather than a W2-G for gambling winnings.
‎October 5, 2023
9:41 AM
2,587 Views