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- Question about Worldwinner online gaming: I have an . . . - JustAnswer
Customer: Question about Worldwinner online gaming: I have an account statement with 4 lines: 1 Cash and merchandise winnings: 2 Entry Fees Associated with the Winnings: 3 Net winnings = 1 -2 4 Additional Entry fees (fees from competitions that did not result in any winnings) Can I record #4 as gambling losses?
- I have a 1099 Misc from worldwinner gaming site. I know . . . - JustAnswer
Customer: I have a 1099 Misc from worldwinner gaming site I know that I need to report this income but do not know if i am supposed to report it as a business or gambling? Also I am curious if I can deduct losses that did not result in wins from my taxes Please help me understand how to report this properly and if there is anyway to take a deduction I am worried that I may have done this
- I recieved a 1099-MISC form from WorldWinner, and online . . . - JustAnswer
Customer: I recieved a 1099-MISC form from WorldWinner, and online gaming service They appear to be categoized as contests rather than gambling, and have reported to the IRS $2866 in "winnings", yet in net I lost $1509 How can I deduct the losses against the "winnings"?
- What computer is the best for playing worldwinner games? What other . . .
Customer: What computer is the best for playing worldwinner games? What other equipment (such as a better mouse) will make me more competitive?
- I played on a website called WorldWinner. com during 2006. Overall I of . . .
Played tournament video games for cash at worldwinner com I just received a tax form from them stating that those Accountant's Assistant chat Customer: Hi, played tournament video games for cash at worldwinner com I just received a tax form from them stating that those winnings should be filed under 'Other Income' on a 1099 form
- I have been playing games legally for cash on a website named . . .
Customer: I have been playing games legally for cash on a website named Worldwinner com Worldwinner com reports all of my winnings to the IRS each year and they send me a 1099 for my records I use TurboTax to file my taxes After entering all of the information I receive from Worldwinner com, the TurboTax software places my net winnings from Worldwinner com on line 12 of Form 1040 (Business
- I did not know I had a 1099-Misc from Worldwinner. com for . . . - JustAnswer
Customer: I did not know I had a 1099-Misc from Worldwinner com for 2008 and have now received a CP2000 notification from the IRS to correct my return The paperwork indicates I had a 1099-Misc form from Worldwinner for $12,020 00, which changed my taxable income drastically, as you can imagine Now, I have read about a TON of people not knowing the worldwinner com site ripping people off in
- Can i itemize deductions for cash entry fees paid to worldwinner?
Can i itemize deductions for cash entry fees paid to worldwinner?Yes, you can deduct the total cost of the entry fees paid from your total winning Report the total winning on Form 1040 as other income and the total entry fees and any losses on Sch A, Miscellaneous Itemized Deductions Your entry fees and losses cannot be more than your winning You can read more about gambling winning and
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