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1099's

Posted: Sat Feb 17, 2018 7:28 am
by Ando
Putting the finishing touches on gathering my tax documents for '17. I do not have anything from the NFBC. Is this getting mailed to me or do I find it somewhere on the website?

Thanks

Re: 1099's

Posted: Sat Feb 17, 2018 8:30 am
by Greg Ambrosius
Ando wrote:Putting the finishing touches on gathering my tax documents for '17. I do not have anything from the NFBC. Is this getting mailed to me or do I find it somewhere on the website?

Thanks
Matt, all 1099s were mailed out in late January. This year we are reporting your earnings by subtracting ALL of your entry fees in 2017 from your winnings. If that total was less than $600 you do not receive a 1099. So if you spent $3,000 in 2017 and won $3,500 you would not receive a 1099. Hope that helps.

Re: 1099's

Posted: Sat Feb 17, 2018 10:11 am
by Ando
And that is the final cherry on top of my shitty 2017 season! :lol:

Re: 1099's

Posted: Sun Feb 18, 2018 11:40 am
by mdecav
Greg Ambrosius wrote:
Ando wrote:Putting the finishing touches on gathering my tax documents for '17. I do not have anything from the NFBC. Is this getting mailed to me or do I find it somewhere on the website?

Thanks
Matt, all 1099s were mailed out in late January. This year we are reporting your earnings by subtracting ALL of your entry fees in 2017 from your winnings. If that total was less than $600 you do not receive a 1099. So if you spent $3,000 in 2017 and won $3,500 you would not receive a 1099. Hope that helps.
I did not receive a 1099 and the winnings were definitely above $600.