1099K issued for receiving winnings from online gambling sites
unbreakable1
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Posted on
Apr-20-2023
01:22 AM
I was issued a 1099k for the 2020 tax year. My transactions were for funding and receiving winnings from online gambling sites. To no avail I have been dealing with the IRS since that tax year because Paypal issued the1099k like I was receiving money for selling goods. How do I get this resolved? Has anybody else been struggling with this issue? Paypal customer service was no help.
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sharpiemarker
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Apr-20-2023
01:40 AM
Consult a tax advisor at the local H&R Block about how to deal with gambling winnings on a 1099-K.
You can also web search the turbo tax forums or Have a Tax Question? Ask a Tax Expert - JustAnswer
Kudos & Solved are greatly appreciated. 🙂
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