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smith2
New Member

I received a 1099 misc for gambling prize but it always goes to my owning a business

how do I show this as a prize and not a business
1 Best answer

Accepted Solutions
PatriciaR
New Member

I received a 1099 misc for gambling prize but it always goes to my owning a business

To enter your 1099-MISC for gambling prize, follow these steps:

  • While signed into your return, go to the Search box (upper right of program) and search "1099 misc"
  • Select the "Jump to" link from results
  • Enter your 1099-MISC info and continue to next page and describe the reason you received the form.
  • Continue to next page where you will see Does one of these uncommon situations apply?  Check the box for "This was prize winnings"



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1 Reply
PatriciaR
New Member

I received a 1099 misc for gambling prize but it always goes to my owning a business

To enter your 1099-MISC for gambling prize, follow these steps:

  • While signed into your return, go to the Search box (upper right of program) and search "1099 misc"
  • Select the "Jump to" link from results
  • Enter your 1099-MISC info and continue to next page and describe the reason you received the form.
  • Continue to next page where you will see Does one of these uncommon situations apply?  Check the box for "This was prize winnings"



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