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If you win more than $600 you have to report it to the IRS. - sm

Posted: Oct 15th, 2021 - 7:27 pm In Reply to: Apparently you still do not understand. The banks will - be required to file a 1099 all

And the organization, etc., for example, nonprofit for a raffle, state lottery, etc. has to file a 1099. I won $1200 over the course of a year one time showing my horse due to incentives from a breed association. I was issued a 1099 and had to pay taxes on it.


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