{"id":136866,"date":"2023-12-31T09:30:29","date_gmt":"2023-12-31T09:30:29","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/"},"modified":"2023-12-31T09:30:29","modified_gmt":"2023-12-31T09:30:29","slug":"does-draftkings-send-tax-forms","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/","title":{"rendered":"Does DraftKings send tax forms?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#Does_DraftKings_send_tax_forms\" title=\"Does DraftKings send tax forms?\">Does DraftKings send tax forms?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#1_Why_does_DraftKings_send_tax_forms\" title=\"1. Why does DraftKings send tax forms?\">1. Why does DraftKings send tax forms?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#2_What_type_of_tax_form_does_DraftKings_send\" title=\"2. What type of tax form does DraftKings send?\">2. What type of tax form does DraftKings send?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#3_When_do_users_receive_their_tax_forms_from_DraftKings\" title=\"3. When do users receive their tax forms from DraftKings?\">3. When do users receive their tax forms from DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#4_Do_users_have_to_report_winnings_under_600\" title=\"4. Do users have to report winnings under $600?\">4. Do users have to report winnings under $600?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#5_Can_users_access_their_tax_forms_online\" title=\"5. Can users access their tax forms online?\">5. Can users access their tax forms online?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#6_What_should_users_do_if_they_do_not_receive_a_tax_form_from_DraftKings\" title=\"6. What should users do if they do not receive a tax form from DraftKings?\">6. What should users do if they do not receive a tax form from DraftKings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#7_Are_taxes_automatically_withheld_from_DraftKings_winnings\" title=\"7. Are taxes automatically withheld from DraftKings winnings?\">7. Are taxes automatically withheld from DraftKings winnings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#8_Can_users_deduct_losses_from_their_DraftKings_winnings_on_their_taxes\" title=\"8. Can users deduct losses from their DraftKings winnings on their taxes?\">8. Can users deduct losses from their DraftKings winnings on their taxes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#9_What_information_is_included_on_the_DraftKings_tax_form\" title=\"9. What information is included on the DraftKings tax form?\">9. What information is included on the DraftKings tax form?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#10_Do_users_need_to_report_winnings_from_DraftKings_in_all_states\" title=\"10. Do users need to report winnings from DraftKings in all states?\">10. Do users need to report winnings from DraftKings in all states?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#11_Can_users_estimate_their_tax_liability_on_DraftKings_winnings\" title=\"11. Can users estimate their tax liability on DraftKings winnings?\">11. Can users estimate their tax liability on DraftKings winnings?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#12_What_should_users_do_if_they_have_questions_about_their_DraftKings_tax_form\" title=\"12. What should users do if they have questions about their DraftKings tax form?\">12. What should users do if they have questions about their DraftKings tax form?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Does_DraftKings_send_tax_forms\"><\/span>Does DraftKings send tax forms?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Yes, DraftKings does send tax forms to its users. If you have earned over $600 in a calendar year, DraftKings will send you a Form 1099-MISC detailing your winnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Why_does_DraftKings_send_tax_forms\"><\/span>1. Why does DraftKings send tax forms?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DraftKings is required by law to report any winnings over $600 to the IRS, so they send out tax forms to ensure that users report their earnings accurately.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_What_type_of_tax_form_does_DraftKings_send\"><\/span>2. What type of tax form does DraftKings send?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>DraftKings sends out Form 1099-MISC to users who have earned more than $600 in a calendar year.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_When_do_users_receive_their_tax_forms_from_DraftKings\"><\/span>3. When do users receive their tax forms from DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Users typically receive their tax forms from DraftKings by the end of January each year, in time for tax season.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Do_users_have_to_report_winnings_under_600\"><\/span>4. Do users have to report winnings under $600?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, users are still required to report any winnings under $600 on their taxes, even though DraftKings does not send a tax form for amounts below that threshold.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_users_access_their_tax_forms_online\"><\/span>5. Can users access their tax forms online?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, users can typically access their tax forms online through their DraftKings account, making it easy to download and print for tax filing purposes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_What_should_users_do_if_they_do_not_receive_a_tax_form_from_DraftKings\"><\/span>6. What should users do if they do not receive a tax form from DraftKings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If users have earned over $600 on DraftKings but have not received a tax form by the end of January, they should contact DraftKings customer support to request a duplicate form.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Are_taxes_automatically_withheld_from_DraftKings_winnings\"><\/span>7. Are taxes automatically withheld from DraftKings winnings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>No, DraftKings does not withhold taxes from winnings, so users are responsible for reporting and paying taxes on their own.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_users_deduct_losses_from_their_DraftKings_winnings_on_their_taxes\"><\/span>8. Can users deduct losses from their DraftKings winnings on their taxes?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, users can deduct gambling losses up to the amount of their winnings on their taxes, but accurate record-keeping is necessary to support these deductions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_What_information_is_included_on_the_DraftKings_tax_form\"><\/span>9. What information is included on the DraftKings tax form?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The DraftKings tax form will include your total winnings for the year, as well as any federal withholding, if applicable.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Do_users_need_to_report_winnings_from_DraftKings_in_all_states\"><\/span>10. Do users need to report winnings from DraftKings in all states?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, users are required to report DraftKings winnings on their federal tax return, regardless of which state they reside in.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_users_estimate_their_tax_liability_on_DraftKings_winnings\"><\/span>11. Can users estimate their tax liability on DraftKings winnings?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Yes, users can estimate their tax liability on DraftKings winnings by using the information provided on their tax form and consulting with a tax professional.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_What_should_users_do_if_they_have_questions_about_their_DraftKings_tax_form\"><\/span>12. What should users do if they have questions about their DraftKings tax form?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>If users have any questions or concerns about their DraftKings tax form, they should reach out to DraftKings customer support or consult with a tax professional for guidance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does DraftKings send tax forms? Yes, DraftKings does send tax forms to its users. If you have earned over $600 in a calendar year, DraftKings will send you a Form 1099-MISC detailing your winnings. 1. Why does DraftKings send tax forms? DraftKings is required by law to report any winnings over $600 to the IRS, &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Does DraftKings send tax forms?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/does-draftkings-send-tax-forms\/#more-136866\">Read more<span class=\"screen-reader-text\">Does DraftKings send tax forms?<\/span><\/a><\/p>\n","protected":false},"author":31,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-136866","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Does DraftKings send tax forms?<\/title>\n<meta name=\"description\" content=\"Does DraftKings send tax forms? 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Yes, DraftKings does send tax forms to its users. 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