Taxes - Sportsbook Review Forum

Carterrud

SBR Rookie

Join Date: 06-12-07

Posts: 9
#1

Taxes

09-07-07, 07:03 AM

I was wondering if bodog will send me a 1099 for my win over 20,000. Does anyone know how this will work on my tax return. I live in the U.S.
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pico

BARRELED IN @ SBR!

Join Date: 04-05-07

Posts: 27321
#2

09-07-07, 09:47 AM

Originally posted by Carterrud

I was wondering if bodog will send me a 1099 for my win over 20,000. Does anyone know how this will work on my tax return. I live in the U.S.

no, but depends how you deposit your money into the bank account. if you want to be safe, file it under gambling winnings.
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raiders72002

SBR MVP

Join Date: 03-06-07

Posts: 3368
#3

09-07-07, 10:18 AM

Offshore books don't do that. It's up to you.
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