New On line books NJ

[theMadMan]

Question ;

If you win good some of money and withdrawal 10-20 thousand from book will they issue tax forms?

 

[theMadMan]

Hit a couple big ML underdogs ! 15-1 and 20-1

 

[Michelangelo]

Don't know the answer but congrats.

I would guess that it will be taxed at collection.

 

[PatsFan1283]

Pretty sure you get a 1099 based on net winnings over $600 if it is FD/DK.

 

[michael777]

stick with offshore son

 

[theMadMan]

Pretty sure you get a 1099 based on net winnings over $600 if it is FD/DK.

THIS>>>
Any single wager paying 300 times the amount wagered and at least $600 is taxable income. It is the account holder’s responsibility to come to a manned location and complete the W-2G.

 

[theMadMan]

Don't know the answer but congrats.

I would guess that it will be taxed at collection.

Well Now!

If any winnings minus the amount wagered exceed $5,000, federal taxes are withheld and the balance deposited to the account holder’s account.

So I Bet $5,000 on +210 dog collect $10,500 Clear $5,500.00 and get withholding's????/tax forms


WHY BET LIVE/ONLINE

 

[5teamparlay]

In Jersey


what is the best book to play at while I’m here online??

 

[Enfuego]

In Jersey


what is the best book to play at while I’m here online??

I like DK.