Please be aware of the following tax considerations when redeeming prizes:
Prizes valued at $600 USD or more in a calendar year are considered taxable income under U.S. law
We will issue a Form 1099-MISC for the total value of prizes redeemed in a calendar year if that value equals or exceeds $600
To receive prizes valued at $600 or more, you must provide your:
Full legal name
Valid mailing address
Social Security Number (SSN) or Tax Identification Number (TIN)
Completed W-9 form
You are solely responsible for reporting and paying all applicable taxes on prizes received
We recommend consulting with a tax professional regarding your specific situation and obligations.