i hit a first place finish last night on fanduel

[Crayzee]

nba fantasy for 50k

never had a win this big before

anyone know if theres any difference in wthdrawal methods check or back into account via pay pal?
normally have taken much smaller amounts through paypal never any problem

do i have to pay any tax on this?
if so immediately or next year ?

thank you

[7deuceoff$uit]

Don't have an answer for any of your questions, but nice hit!

[Ian]

Nice hit!

I've had issues with PayPal reporting transactions that shouldn't be taxed, so I would recommend going straight from FD to your bank account. Fanduel will send you a tax form at the end of the year. I wouldn't want to risk PayPal reporting the same cash a second time to the IRS.

Got any plans for the $$$?

[jjgold]

Wow!!

Now do you know how much you have spent to get to that 50,000 win

[Machba]

nba fantasy for 50k

never had a win this big before

anyone know if theres any difference in wthdrawal methods check or back into account via pay pal?
normally have taken much smaller amounts through paypal never any problem

do i have to pay any tax on this?
if so immediately or next year ?

thank you

Yes you will pay tax.
Not this year.
Next year.

[jjgold]

I would think about 10,000 of that is taxable

[pilebuck13]

Keep it in go for 6 figures kid. Remember the first time I hit 6 figures. Oddly it wasn’t enough. We are selfish people probably should withdraw it and quit gambling take the money and move on. Think that’s probably the best advice you will never take.

[funnyb25]

Keep it in go for 6 figures kid. Remember the first time I hit 6 figures. Oddly it wasn’t enough. We are selfish people probably should withdraw it and quit gambling take the money and move on. Think that’s probably the best advice you will never take.

I wish i didn't read this. Brings back horrible memories...

[stevenash]

Good job.

Had a couple of minor cashes myself, I wheeled Jokic with two discount players (Tyrus Jones and Wagner).
Not big cashes, enough to cover a couple of weeks of entry fees.

Yeah, you got to pay taxes on a FD win, you can't escape that.

[BeatTheJerk]

Keep it in go for 6 figures kid. Remember the first time I hit 6 figures. Oddly it wasn’t enough. We are selfish people probably should withdraw it and quit gambling take the money and move on. Think that’s probably the best advice you will never take.

You went from one end of the spectrum to the other in the same message, but ultimately let’s hope he reads the entire post for his sake.

[pilebuck13]

I wish i didn't read this. Brings back horrible memories...

how does it feel the next day losing a big clip

[patswin]

Nice hit man, congrats

[Itsamazing777]

My tax return got garnished for not paying on my 30k hit Will take them 2 years to find you out but there's that ..

[Crayzee]

thank you for all the repilies

i'm still a little delirious

ive been playing daily fantasy since it started in jersey so ive spent quite a bit had a few other decent hits but none like this - i definitely am now quite a bit in the black

[funnyb25]

thank you for all the repilies

i'm still a little delirious

ive been playing daily fantasy since it started in jersey so ive spent quite a bit had a few other decent hits but none like this - i definitely am now quite a bit in the black

Congrats. I live and will die DEEP in the red...

[Crayzee]

jokic was my stud lastnnight too pg -tyus jones, davion mitchell sg- jalen green, bane, sf-brissett, barton, pf- siakam, lyles, c- jokic 400.5 pts

[stevenash]

^
Nowell and Gabriel are the super value players tonight.