The Internal Revenue Service requires a completed 1099-MISC form from Members who accumulate $600 or more in net winnings (NOT total payouts) for the calendar year (Jan 1 - Dec 31). This amount is taxed as “Other Income”. Members who meet or exceed the $600 threshold will receive a 1099-MISC form from SureShot.
You don’t have to request a 1099-form. If our records show you have exceeded $600 in net winnings for the calendar year, we will automatically upload your 1099-MISC form to the Tax Information section of your SureShot account.
If we do not have all your necessary information on file ( e.g. your current address or Social Security Number), we will request that information from you and then upload your 1099-MISC.
Please consult with a financial professional if you have any additional questions.