Skip to main content
All CollectionsAccount
How Do Taxes Work?
How Do Taxes Work?
Updated over 3 weeks ago

While none of your winnings are taxed by Underdog Fantasy directly, all users must fill out tax information once they profit $600 or more on the platform.

Will I Be Notified?

Yes! Once you profit $600 or higher in a given year, you will receive an email from us prompting you to fill out your tax information. Once you reach this threshold, the completion of your tax information is required before any pending or future withdrawal requests can be processed.


Where Do I Fill Out My Tax Information?

You can fill out your tax information by heading over to Account > Tax information. Please be sure that all information provided is accurate and matches your account holder details. If you ever need to make any changes to your tax information, you can always resubmit. Once you complete this process by hitting "Submit", please be sure to respond to our original email.


When and How Will I Receive My 1099?

All users who profit $600 or higher in a given year will receive a 1099 form via physical mail and email. These forms are sent in early March.


Requesting a CSV

If you'd like to request a CSV file of your full transaction history including deposits made, withdrawals processed, and entries submitted for a given year, please reach out to us directly by clicking the “Contact Support” button in the app.


Did this answer your question?