LogFAQs > #916974092

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Topic	Contest Stats and Discussion - Part 1324 - CBX Winners Announced
swirIdude 02/05/19 1:57:04 PM #102:	Companies don't have to send out a 1099-MISC form for prizes under $600, but the recipient is still expected to report it on their taxes. Since the prize was received in 2019, it would be put on the 2019 tax return, which would be filed next year. --- Advokaiser picked Cloud in Guru and rained on my bracket. At least I finished 20th overall! <cite>swirIdude posted [p:916974092] in Contest St... [t:77383901]...</cite> <quote>Companies don't have to send out a 1099-MISC form for prizes under $600, but the recipient is still expected to report it on their taxes. Since the prize was received in 2019, it would be put on the 2019 tax return, which would be filed next year. --- Advokaiser picked Cloud in Guru and rained on my bracket. At least I finished 20th overall!</quote> ... Copied to Clipboard!
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