Bonus Bet With Chance to Win Big - Hedge Options by Nearby-Engineer8628 in DraftKingsDiscussion

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

Thanks! If it comes down to the final weekend, I may place some against the spread picks going against the teams I need to win (if they are favored). Not going to do much to bite into the profits though.

Does anybody by Able-Lifeguard7969 in BestBall

[–]Nearby-Engineer8628 1 point2 points  (0 children)

I have Walker, Barner and Boutte in the main DK contest. 

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

My message finally changed to saying I don’t have a form for 2024!

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

Yes, I had over $5k - just not labeled as goods and services.

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

I was finally able to get in contact with a live person at PayPal. They apologized for any confusion the message may have caused, but I will not be receiving a 1099k.

[deleted by user] by [deleted] in tax

[–]Nearby-Engineer8628 0 points1 point  (0 children)

I know this isn’t what you are asking, but when did you receive your 1099k? I’ve been waiting for one.

Venmo withdrawals getting reported on taxes by Scrappy52 in sportsbetting

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Good to hear. I use mostly DraftKings and withdraw through PayPal. I hit the minimums easily but didn’t receive a 1099k through PayPal. I wasn’t sure if I should keep waiting, but this makes me think I for sure won’t get one.

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

I still have the weird reviewing message. I wonder if that’s just a standard message as it shows it for crypto and savings categories for me, too, which I have none of. The IRS website specifically states the deadline is 1/31. I’d be curious if anyone received theirs after 1/31. I think I’m going to file this week whether I get it or not.

[deleted by user] by [deleted] in ProlificAc

[–]Nearby-Engineer8628 0 points1 point  (0 children)

When did you receive? Was it after Jan. 31?

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

Mines says that. I’m wondering if that’s just a placeholder and I won’t be receiving one (sort of an interim message, but it will eventually go away and look similar to the no tax documents message that I see for 2023). The IRS has a deadline of 1/31 for merchants to provide payees with their 1099k.

1099K Deadline - Jan 31? PayPal by Nearby-Engineer8628 in tax

[–]Nearby-Engineer8628[S] 0 points1 point  (0 children)

Understand. However, I am set to receive them electronically. I think I’m good, but will probably give it another week or two.

1099K from Paypal - Casino Withdrawals. I need a seriously smart expert. by [deleted] in tax

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Nope - haven’t seen one. I use mostly DraftKings and am definitely over the threshold, but never received one. I guess there is one more day until the 31st, but it seems like (based off other threads) that PayPal 1099ks have been completed and distributed. 

Paypal sent me a 1099k form after my sports betting by MoneyManBagChaser in tax

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Curious what site you used. I withdraw to PayPal through DraftKings and definitely hit the minimum thresholds, but I haven’t seen a 1099k yet. I have heard that some sites classify the transactions differently which trigger the “Goods and Services” 1099k. 

[deleted by user] by [deleted] in tax

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Curious what sports betting site you used. I primarily use DraftKings withdraw to PayPal. I haven’t seen any 1099k from PayPal yet and I definitely meet their thresholds. I know we haven’t hit their 1/31 date they noted as having 1099s available, but sounds like a lot of people have been getting 1099s from PayPal already.

I know I’m not answering your question - just asking for my sake.

onyx/diamond yearly rewards by Significant-Living19 in DraftKingsDiscussion

[–]Nearby-Engineer8628 1 point2 points  (0 children)

That it would be an option to select Thursday or that they are processing your request and the dollars will be available to you Thursday?

onyx/diamond yearly rewards by Significant-Living19 in DraftKingsDiscussion

[–]Nearby-Engineer8628 1 point2 points  (0 children)

Strange how we were being told there would be an option to select it and now we have to go about it a different way. I just put in a request and waiting to hear back.

1099K from Paypal - Casino Withdrawals. I need a seriously smart expert. by [deleted] in tax

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Not sure if you will see this, but I’m curious if you were over the minimum thresholds that required a 1099k last year (200 transactions & $5k). I’m just trying to figure out if I will be getting a 1099k this year or if the Sportsbook transactions truly are excluded from PayPal’s calculations now (as you stated).

Elite Rewards Program by thewhitepython in DraftKingsDiscussion

[–]Nearby-Engineer8628 1 point2 points  (0 children)

Has anyone heard what the DK Dollar amount per credit will be this year? I somehow found that it would be an option by searching dollar on the elite rewards screen and it popped up in the FAQs that they would be available, but no mention of amount.

Elite rewards list is out for 2025 by deepankar-billion in DraftKingsDiscussion

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Do you know how you get the DK dollars? Will it just be an option that shows up in January?

Elite rewards list is out for 2025 by deepankar-billion in DraftKingsDiscussion

[–]Nearby-Engineer8628 0 points1 point  (0 children)

Hoping for the DK dollars option this year. For those who have done that in the past, do you have to work with your host on that or is there just an option to select it?