@VeryConfused wrote:
1099-MISC casino Cash drawings prices can be entered as an adjustment for the
ADJUSTMENT TO THE 1099-MISC????
If not how can I enter gambling losses from the 1099-MISC, have all the back-ups for the losses.
No. The original post about the adjustment is about non-cash prizes. It is fairly common that the 1099-MISC shows the "Manufacturer's Suggested Retail Price" for a non-cash prize, but there is solid evidence that the real-life value is less than that, so an adjustment can be made.
You don't. You won a "prize" (which is confirmed by the 1099-MISC), not won from 'gambling'. You can not deduct gambling losses from winning a "prize".
