1. #1
    HedgeHog's Avatar SBR PRO
    Join Date: 09-11-07
    Posts: 9,692
    Betpoints: 3705

    Betting at Legal US Books and Tax Consequences

    If you finish the year with any winnings whatsoever at a legal US book, is a 1099 form issued--or is there a certain threshold of net profit needed to trigger it?

  2. #2
    Shifty's Avatar Become A Pro!
    Join Date: 08-10-08
    Posts: 446
    Betpoints: 5879

    You only get a 1099 if you hit a 300-1 shot or higher.