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CuriousWhale
Level 3

Fantasy Sports 1099

I will be winning a 1099 from a daily fantasy site this year for about $5,000.

 

this is not a business for me.

 

on what sub letter of other income would I report this.

 

Gambling, Prizes, or Other Other

 

i want to make sure the AUR program doesn’t file this as a mismatch

1 Best answer

Accepted Solutions
tagteam
Level 15

Fantasy Sports 1099

In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.

View solution in original post

5 Replies
tagteam
Level 15

Fantasy Sports 1099

In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.

CuriousWhale
Level 3

Fantasy Sports 1099

Prizes and Gambling are two seperate lines on schedule 1..

tagteam
Level 15

Fantasy Sports 1099

Line 8b then.

CuriousWhale
Level 3

Fantasy Sports 1099

Is there any problem reporting a 1099 on gambling? I wasn’t sure if the AUR would not be able to match because it typically wouldn’t look for A 1099 on that line

tagteam
Level 15

Fantasy Sports 1099

There should not be but even if there is, the transaction should be reported appropriately.

 

If there is a mismatch, and a letter is generated, that would easily be dealt with by a response showing the income was from gambling.

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