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- Where to enter horse racing income and expenses associated with those bets?
Where to enter horse racing income and expenses associated with those bets?
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Pavlik-42
Level 1
06-08-2023
08:59 PM
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Income is reporeted on 1099-MISC
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2 Comments 2
qbteachmt
Level 15
06-09-2023
12:11 PM
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In other words:
Horse Racing is a business; there would be income, expense, liabilities and assets.
Bets are gambling; there would be winnings and losses.
It helps to be specific.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.
