Re: IRS Withholding on US Tournament Winnings Starts in 2008
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My guess, since that would be a 'prize' not unlike winning a car worth 10K, you would receive a 1099 form for 10K.
obg
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But unless the satellite was run by the main event sponsor, or the main event sponsor allowed 3rd party direct registration the prize is paid in cash.
D$D
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