1099-MISC from Casino Question

I understand that I can deduct documented gambling losses up to the amount I won. All times are GMT Any opinions are welcome, both on the Turbo Tax product and on the gambling income issues. There is nothing on the MISC that specifically points out that the income was from gambling. You received the money so just deal.

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My issue comes up while completing the income section of the online version of Turbo Tax Premeir. I understand that I can deduct documented gambling losses up to the amount I won. However, If I enter the 30k income in the section where MISC forms are entered, the program does not allow me to deduct gambling losses.

I intend to enter the MISC data in the open "gambling income" field and attach a letter of explanation that this income is from gambling to justify the 10k gambling loss deduction I intend to enter on Schedule A. I wanted to gather opinions on doing this. If this seems too out of line or fishy I will ditch Turbo for a professional preparer. Any opinions are welcome, both on the Turbo Tax product and on the gambling income issues.

Thank you for your time. Last edited by a moderator: Phil Marti, Feb 22, I am only asking because I win much more in drawings and tournaments at the Atlantis in Reno and they dont tally it all up at the end of the year.

I just want to get a good idea about why they did this before I call them. I don't see why if all the wins I had were under a taxable amount why they sent this form especially when my other local casino does not do this and I win far more in drawings over the year.

Last year I got misc for winning drawings. Looking for a particular club? Try the Club Thread Thread: On such a full sea are we now afloat. You received the money so just deal. It's possibly unusual but one win probably triggered it. If you feel it's inaccurate, you can contact the irs and dispute the value without involving the casino directly. Last edited by charlie; at

1099-misc form from casino.