1099s

[Happenstance]

With new ownership (congrats!), is there any guidance as to how Sportshub will treat entry fees for tax reporting purposes? I understand that the Form 1099s issued by STATS will show net winnings from those contests for which a prize was won. Any chance that for 2017, we'll see 1099s that show net winnings from ALL contests entered?

[Greg Ambrosius]

With new ownership (congrats!), is there any guidance as to how Sportshub will treat entry fees for tax reporting purposes? I understand that the Form 1099s issued by STATS will show net winnings from those contests for which a prize was won. Any chance that for 2017, we'll see 1099s that show net winnings from ALL contests entered?

We are reporting taxes the same way.

No, legally that's not how we're allowed to report these net winnings. You can deduct additional expenses and entry fees beyond what we do if you'd like, but legally we are doing what we can with net winnings from leagues you won prize money in.

[Happenstance]

Thanks for the quick response, Greg.