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posted Mar 23, 2025 10:38:47 AM

What do I put for "Describe the reason for this 1099-MISC" when the 1099-MISC is from the Predictit election bettering market? Gambling winnings? Research study?

What do I put for "Describe the reason for this 1099-MISC" if the 1099-MISC is from the Predictit election bettering market? Gambling winnings? Research study? Prophecies?

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1 Replies
Expert Alumni
Mar 24, 2025 3:52:41 PM

For the description, you should enter would be gambling winnings.  

 

Where do I enter a 1099-MISC?