turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Have 1099 misc income from prize winnings from rodeo. Where can I deduct the fees associated with earning this money? Entry fees, mileage, horse care, etc.

Have 1099 misc income from prize winnings from rodeo. Where can I deduct the fees associated with earning this money? Entry fees, mileage, horse care, etc.
I saw the line for gambling losses, I entered the total I have to deduct, but did not change my refund amount..so did it take these deductions into account?
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
Coleen3
Intuit Alumni

Have 1099 misc income from prize winnings from rodeo. Where can I deduct the fees associated with earning this money? Entry fees, mileage, horse care, etc.

You would not enter expenses on a gambling losses line. If your income is in Box 7 of the 1099-Misc, you can use the Self-Employed Edition for your income and expenses. If it is in Box 3, then it is not non-employee compensation and you can't take the expenses.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question