Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Where to enter horse racing income and expenses associated with those bets?
Where to enter horse racing income and expenses associated with those bets?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Pavlik-42
Level 1
06-08-2023
08:59 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Income is reporeted on 1099-MISC
Labels
2 Comments 2
qbteachmt
Level 15
06-09-2023
12:11 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
In other words:
Horse Racing is a business; there would be income, expense, liabilities and assets.
Bets are gambling; there would be winnings and losses.
It helps to be specific.
*******************************
Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
