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1099-MISC for $1,000 Winnings?
Posted: Mon Feb 02, 2015 4:02 pm
by jurisdoctor07
Hello - does Millionaire send you a 1099-MISC if you walked away with the $1,000 prize? I imagine they would, but I have not yet received one. Do you think they mail them on the 31st?
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 02, 2015 4:09 pm
by SpacemanSpiff
Since they're not required to mail them until January 31 (which was a weekend), they might not have mailed them until today.
And they will mail you one for $1000. If you don't get it within a week or so, contact them.
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 02, 2015 6:52 pm
by Bob Juch
jurisdoctor07 wrote:Hello - does Millionaire send you a 1099-MISC if you walked away with the $1,000 prize? I imagine they would, but I have not yet received one. Do you think they mail them on the 31st?
I'm pretty sure it's still anything over $600.
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 09, 2015 4:12 pm
by jurisdoctor07
Thank you! ...and not to make you all my new tax accountants, but this means I also need to file a NY state return in addition to my current state, correct?
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 09, 2015 5:26 pm
by Bob78164
jurisdoctor07 wrote:Thank you! ...and not to make you all my new tax accountants, but this means I also need to file a NY state return in addition to my current state, correct?
I'm not sure of this, but I think New York exempts from its state income tax game show winnings that are earned in New York City. --Bob
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 09, 2015 6:00 pm
by Bob Juch
Bob78164 wrote:jurisdoctor07 wrote:Thank you! ...and not to make you all my new tax accountants, but this means I also need to file a NY state return in addition to my current state, correct?
I'm not sure of this, but I think New York exempts from its state income tax game show winnings that are earned in New York City. --Bob
Only if you live out of state. Of course you have to pay your own state's income tax if any.
Re: 1099-MISC for $1,000 Winnings?
Posted: Mon Feb 09, 2015 6:30 pm
by zachhoran1
The show tapes in Connecticut this season, so Connecticut laws would likely apply rather than New York laws.
Re: 1099-MISC for $1,000 Winnings?
Posted: Wed Feb 11, 2015 9:53 am
by vettech
Bob78164 wrote:jurisdoctor07 wrote:Thank you! ...and not to make you all my new tax accountants, but this means I also need to file a NY state return in addition to my current state, correct?
I'm not sure of this, but I think New York exempts from its state income tax game show winnings that are earned in New York City. --Bob
It was true as of tax year 2011, I researched it very thoroughly.
