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No, do not file your gambling winnings on a Schedule C (Form 1040). Gambling winnings should be reported as Other Income on Schedule 1 (Form 1040), line 21. Follow the instructions below to make the income appear on line 21.
Your gambling winnings will be taxed both by your resident state and by the
state of NY. You will need to file a non-resident return for NY. Most states allow residents to claim a credit for any taxes paid
to another state, to mitigate the impact of double taxation.
TurboTax recommends that you prepare the non-resident tax return first, to allow your home state tax return to correctly compute the tax credit.
Reporting 1099-MISC that is not self-employment income
No, do not file your gambling winnings on a Schedule C (Form 1040). Gambling winnings should be reported as Other Income on Schedule 1 (Form 1040), line 21. Follow the instructions below to make the income appear on line 21.
Your gambling winnings will be taxed both by your resident state and by the
state of NY. You will need to file a non-resident return for NY. Most states allow residents to claim a credit for any taxes paid
to another state, to mitigate the impact of double taxation.
TurboTax recommends that you prepare the non-resident tax return first, to allow your home state tax return to correctly compute the tax credit.
Reporting 1099-MISC that is not self-employment income
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