You do have to pay taxes on your cumulative net profit from XBowling. We are required to issue 1099 tax form(s) to any player who has a cumulative net profit in excess of $600 for the calendar year.
Do I have to pay taxes on my winnings?
You do have to pay taxes on your cumulative net profit from XBowling. We are required to issue 1099 tax form(s) to any player who has a cumulative net profit in excess of $600 for the calendar year.
Comments
1 comment
Can you elect to have taxes taken out before being paid so you don't have to worry about paying them later?
Please sign in to leave a comment.