https://ttlc.intuit.com/community/self-employed-group/discussion/gambling-1099-k-s/01/2768789#M6396 <P>Regarding withdrawals from legal sports books (draftkings, fanduel, etc.). They only send 1099-K's regarding my withdrawal, not taking into account deposits, P/L, etc. How do I account for my actual profit rather than my amount I withdrew in the calendar year?</P> Tue, 10 Mar 2026 05:40:59 GMT chilidogdad 2026-03-10T05:40:59Z https://ttlc.intuit.com/community/self-employed-group/discussion/gambling-1099-k-s/01/2768789#M6396 <P>Regarding withdrawals from legal sports books (draftkings, fanduel, etc.). They only send 1099-K's regarding my withdrawal, not taking into account deposits, P/L, etc. How do I account for my actual profit rather than my amount I withdrew in the calendar year?</P> Tue, 10 Mar 2026 05:40:59 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/gambling-1099-k-s/01/2768789#M6396 chilidogdad 2026-03-10T05:40:59Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-gambling-1099-k-s/01/2769287#M6397 <P>Follow the examples in this article.&nbsp; It addresses everything in regards to reporting your income taxes related to DraftKings, etc...<BR /><BR /><A title="Tax Considerations for Fantasy Sports Fans" href="https://turbotax.intuit.com/tax-tips/general/tax-considerations-for-fantasy-sports-fans/L75xYecdS" target="_self">Tax Considerations for Fantasy Sports Fans</A>&nbsp;</P> <P>&nbsp;</P> <P>In the above link see the section:&nbsp;Organizers calculate players' net profits using a formula</P> Wed, 31 Aug 2022 23:15:04 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-gambling-1099-k-s/01/2769287#M6397 EricE_CPA 2022-08-31T23:15:04Z