Anyone know how the taxes work on the NJ sportsbook. Everyone thinks over $600 in net winnings for the year = taxes but Ive never gotten a 1099 or any tax form.
I think they only send the form if you win a bet of $600 or more with odds of 300-1 or greater
I know a lot of people who have won thousands on sites and never got the tax form. Even requested it on live chat with the sites and they said they never isssued it.
I know everyone has a responsibility to pay taxes but whats the deal with sites not issuing anything??
I think they only send the form if you win a bet of $600 or more with odds of 300-1 or greater
I know a lot of people who have won thousands on sites and never got the tax form. Even requested it on live chat with the sites and they said they never isssued it.
I know everyone has a responsibility to pay taxes but whats the deal with sites not issuing anything??