Tax Deadline Reminder: 14 Forms 14 | Launch Consulting
Tax Deadline Reminder: 14 Forms 14 | Launch Consulting | who gets a 1099 misc form

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This morning, I was greeted on my laptop with two words: Draft Day? It seems that my brother is acquisitive to get our fantasy football division going. He’s got a point back the National Football League (NFL) clearly kicked off its division aftermost night.

APTOPIX Falcons Eagles FootballASSOCIATED PRESS

(A petty sister adeptness agenda that his Patriots absent to her Eagles in the Super Bowl aftermost year, but not me.)

Fantasy football is a big accord in my family. We alone comedy for aloof rights, but aing leagues about the country this division will comedy for money. Still added sports admirers will abandon the fantasy teams altogether and will bet anon on the amateur (Atlanta was the allowance on admired aftermost night adjoin Philadelphia).

Just as with gambling, fantasy sports accomplishment are reportable on your taxes. But – at atomic for now – fantasy sports are advised amateur of skill. That agency that fantasy winners are advised a little bit altered for tax purposes. For example, a fantasy sports champ may accept a anatomy 1099-MISC, Assorted Income, while winners at a bank or gaming abode may accept a anatomy W-2G, Certain Bank Winnings.

(You can apprehend added about taxes and fantasy sports here.)

Of course, bank accomplishment are reportable alike if you don’

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