Keerock
Footballguy
Received my 1099 from FanDuel and they included $680 worth of "Bonuses/Credits". WTMF? I never got anywhere NEAR that much in terms of FDP or any such... Here's the response I got from FanDuel support:
Thanks for your patience. FanDuel will provide 1099 form to those who have accumulated net earnings from SETTLED contests valued at $600 or more on the calendar year - January 1st through December 31st.
I've provided a breakdown of how the team arrived at your Net Earnings total to be reported on your 1099 form.
[Winnings - Entry Fees + Bonuses/Credits = Net Earnings]
Winnings = $10,419.00
Entry Fees = $8,163.00
Bonuses/Credits = $680.00
________________________________
Net Earnings = $2,936.00
Keep in mind that the value of any tickets to future contests that are won ($12.00 in your case) are accounted for in the Winnings number and then accounted for in the Entry Fee value as well.
Bonus/Credits include courtesy credits, deposit bonus earned, FDP entries, referral earnings, marketing promo prizes, and manually credited winnings (ie. from a marketing event and/or a satellite tie).
BS
Thanks for your patience. FanDuel will provide 1099 form to those who have accumulated net earnings from SETTLED contests valued at $600 or more on the calendar year - January 1st through December 31st.
I've provided a breakdown of how the team arrived at your Net Earnings total to be reported on your 1099 form.
[Winnings - Entry Fees + Bonuses/Credits = Net Earnings]
Winnings = $10,419.00
Entry Fees = $8,163.00
Bonuses/Credits = $680.00
________________________________
Net Earnings = $2,936.00
Keep in mind that the value of any tickets to future contests that are won ($12.00 in your case) are accounted for in the Winnings number and then accounted for in the Entry Fee value as well.
Bonus/Credits include courtesy credits, deposit bonus earned, FDP entries, referral earnings, marketing promo prizes, and manually credited winnings (ie. from a marketing event and/or a satellite tie).
BS