can I file taxes with a 1099 if I was a professional gambler that year?
- SumDudeLv 75 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.
- StephenWeinsteinLv 75 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.
- babyboomer1001Lv 75 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.
- SlickterpLv 75 months ago
You HAVE to file.
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- Max HooplaLv 75 months ago
What would you get a 1099 for?
- curtisports2Lv 75 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.
- thejuice420Lv 45 months ago
Rather than claiming your winnings as “other income” on your Form 1040, you can file Schedule C as a self-employed individual.