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Retirement tax questions
My question is this - I received my 1099-K from PayPal which I only used for gambling, I did win several jackpots and also received a W2-G for gambling winnings. The amount on the W2-G is larger than the amount on 1099-K, I don't want to record the income in both places and get hit twice with paying taxes on this income. Do I only enter the W2-G?
‎February 15, 2023
4:43 PM