Tax Help for NFBC "winnings"
Posted: Sun Feb 19, 2006 10:35 am
How do I write off the $1250 entry fee expense for the NFBC? Is it a gambling loss?
I'm using HR TaxCut pro ..
I got the 1099-MISC form from Krause.. for winning 1250 (tie for 2nd place) but TaxCut won't let me write it off as a gambling loss.
Any help would be awesome!
I'm using HR TaxCut pro ..
I got the 1099-MISC form from Krause.. for winning 1250 (tie for 2nd place) but TaxCut won't let me write it off as a gambling loss.
Any help would be awesome!