Originally Posted by Racin4Fun:
Wow...Now I am confused....LOL.....all I know is the weekly purses I won added up to my 1099. So who knows...I will wait and see if I get anything in the mail within the next week....Thanks
Robbie Rice
LOL
Simply put,
if you receive a check for the 2007 point fund in 2008, it should not be included or added on to your 2007 1099 form. It will be part of income for when you file taxes next year.
I had to include all those links and tax code stuff just so people didnt think I was pulling it out of thin air. After Enron, WorldCom, and other accounting scandals we are a little paranoid about providing documentation sometimes...thus complicating things.
PS: TorqueBall: I understand completely, I didnt think that you were putting me down in any way. Bottom line, drivers want their money over all else...and I hope they do receive it.