1099-misc for the NHC

[Scav]

Originally Posted by pointman

You can't fault Monmouth for this, this is a fact of life. You won a free trip, airfare and hotel. Anytime anyone wins a prize it is income and taxable. It is one of the certainties of life.

If you are able to prove you are professional gambler, then you can write off expenses towards it but that is a really hard nut to crack.

1099 are brutal if you are not self employed.

Can someone that was in the NHC comment if they got a 1099 for actually qualifying for it. If so, for those guys that get into every tourney, they must have a nightmare of a time regarding the 1099, unless they are claiming they are a professional gambler. I'm wondering if yours was just for the trip expense.