BANKROLL FORUM

Comments

  • kcroyalty29

    Just writing to see if anyone had received their 1099’s yet from Draft Kings this year (or FD, for that matter).

    Thanks!

  • NarrowJ

    I haven’t yet. I wanna do my taxes but that’s the last thing I’m waiting on.

  • TeamTwerk

    No. I would like to do mine as well. I didn’t get one last year but the year before I remember they came absurdly late, like the end of February.

  • madmanjayWV

    Just call them up and ask or send them a support ticket. They should tell you if u ask nicely.

  • jbfones

    They told me a couple weeks ago, 1/25, but of course that has come & gone.

  • Loudo2002

    How does fanduel do theirs? Do they mail it to you?

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    DraftKings has to mail/issue 1099’s by January 31st, 2018. The year they sent them really late they had some issues and got various extensions from the IRS. I would hope they are available by tomorrow though as they should be. They will mail them but they also will be available on your DraftKings “My Account” under “Document Center” once available.

  • JackLotte

    This may be a foolish question, but are DK dollars treated the same as real dollars for tax purposes?

  • sochoice

    • 2017 DraftKings FBWC Finalist

    • 2017 FanDuel WFFC Champion

    No, but I did get 15% off my car insurance.

  • Nobakov

    Mine was just added to my DK account document center.

  • britdevine

    • 2014 StarStreet MLB Playboy Mansion Finalist

    CHeck your document center, mine is there

  • Ukermania

    They don’t give you a tax document for depositing…and depositing and depositing..:)

  • Ndepompei

    @britdevine said...

    CHeck your document center, mine is there

    Still nothing in mine…maybe I lost enough profits to pay my own tax haha

  • apeterson8809

    • 324

      RG Overall Ranking

    • Blogger of the Month

    “Showing 0 tax items” in my document center. Good, hopefully they report nothing for last year. Lmao

  • joephoto

    Got my FantasyDraft 1099 in an email today – $1288 profit for year !
    That’s $24 dollars and 77 cents per week !
    Or $3.52 a day !
    (Or actually about 14 cents and hour since I’m still doing lineups in my sleep)

    I tell my girl it’s a part time job.

  • Nobakov

    Was added to my document center yesterday but now it’s gone. Emailed DK and-

    DraftKings has requested and received an extension of time from the IRS to mail its 1099-MISC recipient copies. We understand that your 2017 1099 was uploaded to your account but we need to remove this to make sure we do the proper checks to ensure that the information is accurate. We apologize for the confusion this has caused you and we will be sure to let you know when your 2017 1099 has been uploaded to your document center.

  • P5

    Meh, this kinda sucks. They told me 2-4weeks, and I really need to submit those taxes (not that much for myself, but my wife).

    So do we have any way to submit that tax form with information that DK provided me? (total deposits, total entries fees, total winnings and total withdrawls).

    I’m a kinda new in the country, so my knowledge in Taxes is basically nonexistent.

  • kcroyalty29

    My gosh, why is it so difficult for Draft Kings to get their stuff together and run their company like a real business? Every other business/corporation is capable enough to send these things out before (usually WAY before) 1/31 – it’s not like they don’t know it’s coming each year. And this company thinks they’re ready to be publicly traded? My gosh. It’s not rocket science and its not as if you don’t know it’s coming. Did everyone above see their 1099’s removed now?

  • KlairVoyant

    • 189

      RG Overall Ranking

    • Ranked #26

      RG Tiered Ranking

    • Blogger of the Month

    I def don’t have any new tax items in my DK document center. Are you sure you have the 2017 tax year already Brit?

  • tmarohl

    @Loudo2002 said...

    How does fanduel do theirs? Do they mail it to you?

    I got an email from them today with a link to the 1099

  • alc51893

    Downloaded mine yesterday now its gone lol. Looks like DK has issues and may be re issuing.

  • bhdevault

    • Lead Moderator

    • Blogger of the Month

    Strange, downloaded and printed mine yesterday.

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    Mine is gone now too. Amateur hour over there at DraftKings, but not surprising. They might want to send out an email communication informing everyone. I can get a damn “you win” or “you have not submitted a lineup for the contest you reserved” email 5 times per day but they can’t inform us of something important like the tax forms they are supposed to get to us by January 31st every year.

    A majority of companies issue tax forms by January 31st every year as required by law. DraftKings seems to think that since they have the option to file for an extension, they should do that most years because they can’t do things in a timely fashion.

  • P5

    the doubt that I have is if I can submit my taxes without that 1099 form… Or if there is a way to report the profit by yourself (DK via chat told me how much did I earned in the year of fact).

    So somebody have any idea?

  • Stewburtx8

    • 2012 FanDuel WFBC Finalist

    @P5 said...

    the doubt that I have is if I can submit my taxes without that 1099 form… Or if there is a way to report the profit by yourself (DK via chat told me how much did I earned in the year of fact).

    So somebody have any idea?

    If you kept very accurate records, you COULD file using that number. But I personally would advise against it unless you REALLY need to file right away. The IRS will be looking for the exact amount of the 1099-MISC from DraftKings. If there is a difference, you would likely have to amend your return or dispute it with DraftKings to get them to reissue the correct 1099.

  • P5

    @Stewburtx8 said...

    If you kept very accurate records, you COULD file using that number. But I personally would advise against it unless you REALLY need to file right away. The IRS will be looking for the exact amount of the 1099-MISC from DraftKings. If there is a difference, you would likely have to amend your return or dispute it with DraftKings to get them to reissue the correct 1099.

    Well, my records were provided by DK itself. I appreciate your answer. Thanks.

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