Yes, entry fees may be reported as an expenses related to the 1099 income.
Normally, income like this is reported in Box 3 (Other Income) of Form 1099-MISC.
Enter Form 1099-MISC under Wages & Income >> Income from 1099-MISC. Indicate that this was not related to your job, and that you received it only this year, with no intent to earn money.
The easiest way to find this section of TurboTax is to use the Search box at the top right side of the TurboTax header. Click on the magnifying glass, type in "1099-misc", hit Enter, and click on "jump to 1099-misc" to go directly to beginning of this topic.
Or go to My Account >> Tools >> Topic Search. Type in "1099-misc", then click the topic in the list to go directly to the start of this section.
(If you are using the mobile app and don't have My Account or Tools on your screen, try logging into TurboTax from a laptop or desktop browser.)
You may report the costs associated with the 1099 income as miscellaneous itemized deductions (Other Deductible Expenses under Other Deductions & Credits). In this instance, the total expenses that you deduct cannot exceed the amount of income you received. But you will also not pay self-employment taxes on the income.
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