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

490

1 Best answer

New Member

Jun 5, 2019 11:44:48 AM

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"

New Member

Jun 5, 2019 11:44:48 AM

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"