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Fantasy Sports 1099

I will be winning a 1099 from a daily fantasy site this year for about $5,000.

 

this is not a business for me.

 

on what sub letter of other income would I report this.

 

Gambling, Prizes, or Other Other

 

i want to make sure the AUR program doesn’t file this as a mismatch

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1 Best answer

Accepted Solutions

Fantasy Sports 1099

In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.

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5 Replies

Fantasy Sports 1099

In TurboTax, enter the figure under Prizes, Awards, and Gambling Winnings.

Fantasy Sports 1099

Prizes and Gambling are two seperate lines on schedule 1..

Fantasy Sports 1099

Line 8b then.

Fantasy Sports 1099

Is there any problem reporting a 1099 on gambling? I wasn’t sure if the AUR would not be able to match because it typically wouldn’t look for A 1099 on that line

Fantasy Sports 1099

There should not be but even if there is, the transaction should be reported appropriately.

 

If there is a mismatch, and a letter is generated, that would easily be dealt with by a response showing the income was from gambling.

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