Hi
all income is taxable ,unfortunely, dont matter if its free play or
from a $ bill you found on the street,
A 1099 from a tournament is NOT gambling winnings however( those are a
W2G) & should not be included with such, it is consider a "prize or
award" same as a game show prize & falls under "other income"
But that is not all bad as then you are allowed to deduct " expenses to
produce that income" such as entry fees, travel expenses , keep good
records!!
Consult your tax person.
M J
tax info= irs.gov, look for Pub 17
BJ & VP charts = wizardofodds.com
VP charts only , VPfree thanks to Tomski
all above are free!!!!!!!!!!!!!!!!!!