Shared Prize Forms Due Sept. 29

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Tom Kessenich
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Shared Prize Forms Due Sept. 29

Post by Tom Kessenich » Mon Sep 12, 2022 8:25 am

Shared prize forms are now available. If you want to share prizes with a co-manager you MUST fill out this form and email it back to me by Friday, Sept. 29. All forms must be notarized. Also, all co-managers you want to share prizes with must have an account on our site. If they do not, have them go to playnfbc.com and create an account and they'll be all set.

If you want a form, please email me at [email protected]. Thanks.
Tom Kessenich
Manager of High Stakes Fantasy Games, SportsHub Technologies
Twitter - @TomKessenich

acesfull23
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Joined: Wed Mar 04, 2015 9:08 pm

Re: Shared Prize Forms Due Sept. 29

Post by acesfull23 » Mon Sep 26, 2022 7:49 pm

Hi Tom, will the 1099s you issue reflect the payouts defined on the split form?

For example, if Player A purchased an OC team for $350 and split it 50/50 with Player B and filled out the form to reflect that split and that team won $10,000 in the contest, will there be a 1099 issue to each owner for $5,000?

Or will the original purchaser of the team, Player A, get the 1099 for the full $10,000?

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Tom Kessenich
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Re: Shared Prize Forms Due Sept. 29

Post by Tom Kessenich » Tue Sep 27, 2022 9:15 am

acesfull23 wrote:
Mon Sep 26, 2022 7:49 pm
Hi Tom, will the 1099s you issue reflect the payouts defined on the split form?

For example, if Player A purchased an OC team for $350 and split it 50/50 with Player B and filled out the form to reflect that split and that team won $10,000 in the contest, will there be a 1099 issue to each owner for $5,000?

Or will the original purchaser of the team, Player A, get the 1099 for the full $10,000?
Hi, I wanted to double check with accounting on this and they confirmed. So in this example if a $10,000 prize is split evenly two ways the primary owner would get a 1099 for the $5,000 minus total entry fees. The co-owner would get a 1099 for the $5,000.

Hope that helps.
Tom Kessenich
Manager of High Stakes Fantasy Games, SportsHub Technologies
Twitter - @TomKessenich

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