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I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

 
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Accepted Solutions
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

It's okay if it says "Gambling Winnings".  I doesn't make any difference to the IRS as long as the amount is there.

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8 Replies
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

Did you receive a W-2G or 1099?

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

1099. I reported on Turbo Tax as "prize winnings", and then it shows up as Gambling Winnings on the final form 1040.

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

Just making sure if I need to correct that / if this is a problem.
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

No, it's okay. It doesn't make any difference to the IRS as long as the amount in on there.  Sometimes raffle prizes and things like that are considered "gambling winnings".

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

Got it! Thanks for the quick response!
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

Your welcome.  I am going to enter an official "answer" below. So you will see it pop up again.
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

Thank you!
CathiM
New Member

I have a 1099-MISC form from an award, but it shows up on Other Income (box 21, form 1040) as Gambling Winnings. Why?

It's okay if it says "Gambling Winnings".  I doesn't make any difference to the IRS as long as the amount is there.

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