Sunday, June 4, 2017

[vpFREE] Gambling and 1099's



In my gambling career I've gotten plenty of W2-G's but I've never received a 1099. As I understand it the W2-G's are issued for gambling wins and 1099's are issued for prizes and gifts. My question is can you write off gambling losses against 1099's.

Thanks for any responses.




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Posted by: mickeycrimm@yahoo.com


vpFREE Links: http://www.west-point.org/users/usma1955/20228/V/Links.htm






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