can I file taxes with a 1099 if I was a professional gambler that year?

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  • 5 months ago

    The IRS recognizes the term "professional gambler." There are rules and regulations, and you get a W-2G [ not 1099 ] from the casinos when you win "big." For smaller amounts and losses you need to keep a contemporary log book.  And yes, if you win enough (and or have other additional income) you need to file a 1040.

  • 5 months ago

    Everyone alive can file taxes. You can file if you have a 1099, and you can file if you don't. You can file if you were a gambler, and you can file if you weren't. The only three requirements are that you must be a person (either a corporation or a human, not some other species of animal), you must not have died before the year for which you are filing, and you must have been born before the end of the year for which you are filing.

  • 5 months ago

    There's no such thing as a professional gambler.  Just a gambler - albeit a good one.  You are REQUIRED to file taxes when you have casino winnings.  Those are taxable.  The casino is going to send notice of your winnings to the state and IRS so if you don't file, at some point, they are going to come and get you, and charge you with tax evasion.

  • 5 months ago

    You HAVE to file.

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  • 5 months ago

    What would you get a 1099 for?

  • 5 months ago

    No. You file with Schedule C, Schedule SE and Form 1040. Whoever pays you files a 1099 with the IRS and sends you a copy.

  • 5 months ago

    Yes you can.

    And you will have to prove that the amount you declare is the actual amount of your earnings (be aware that you are going to have to prove that your winnings were as low as your gonna claim.

  • 5 months ago

    Rather than claiming your winnings as “other income” on your Form 1040, you can file Schedule C as a self-employed individual.

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