Level 3

Question

Gambling winnings

Forum|Forum|2 years ago
March 2, 2024
3 replies
23 views

I have a client who has gambling winnings reported on 1099-Misc as other income.

He has losses but the losses can not be taken because it was reported on a 1099-MISC as other income. Is there somewhere else I can report the gambling losses to net out the winnings?

ProSeries Basic

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Just-Lisa-Now-

Intuit Community Champion

Sounds like he won a prize or an award, not gambling winnings, gambling is reported in a W2G.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

C

cclarkAuthor

Level 3

The 1099-Misc is from Gila River Gaming Enterprises, Inc. & he has receipts to show his losses.

I have never seen gambling winnings on a 1099-Misc form.

Just-Lisa-Now-

Intuit Community Champion

sounds like it was winning a drawing or raffle maybe, rather than a wager that resulted in gambling winnings.

I know our local casino gives out winnings just for being present and your player card gets drawn, thats not gambling winnings, thats a prize.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

T

Terry53029

Intuit Community Champion

You could put them on schedule A if he itemizes up to the amount of winnings

IRonMaN

Level 15

For what it is worth if you click on the magnifying glass for gambling winnings on line 8 of schedule 1

"gambling winnings not reported on a W2G"

Slava Ukraini!

C

cclarkAuthor

Level 3

But the IRS will look for that 1099-Misc of other income?

F

Frustrated-in-IL

Level 8

Absolutely.

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