2774294
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
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In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.
In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.
Prizes and Gambling are two seperate lines on schedule 1..
Line 8b then.
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
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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