1099 K

Rdun24
New Community Member
I received a 1099 K form from PayPal for money from gambling sites that were paid out. I lost more than I was paid out, but yet still received this form from PayPal. How should I handle this with my taxes? I did not profit the amount on this form.
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1 REPLY 1

sharpiemarker
Esteemed Advisor
Esteemed Advisor

@Rdun24 

 

Best to consult your local tax professional.


Kudos & Solved are greatly appreciated. 🙂
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