I won a monetary cash prize from a casino promotion and received a 1099 MISC showing amount in "other income" box. TT then asks me if there is a "fair market adjustment" for this prize. Since it was cash, do I enter any figure in this block?
01874
1 Replies
DavidD66
Expert Alumni
Jan 29, 2025 4:23:43 PM
No, you would not enter anything for a "fair market adjustment" for a cash prize.