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Business & farm
Yes, you are correct. As a professional gambler you enter your winnings as business income on Schedule C not through the "Gambling Winnings" reported on form W2G topic in "Less Common Income." Technically you are entering the W2G income; just not specifically identified as W2G reported. Bottom line: As long as the income is reported you'll be good.
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March 14, 2023
12:43 PM