League winnings/taxes

[Big Al]

Does leaguesafe have 1099's send out for winnings at a certain amount? If so does anyone know the amount or how it works?

[joeday]

I don’t believe so. Leaguesafe is only holding money, it doesn’t assign winners and losers so think of it as almost transferring money from PayPal.

[Big Al]

Thanks joeday for the response. I only have leaguesafe in 2 of my leagues and will find out soon enough how it works out.

[Cowboysfan33]

Good question, I was wondering the same thing. I won some of my DLF leagues that are through LeagueSafe. I assumed that they would have to send 1099’s for anything $600 and above. It’s fine with me, either way.

[joeday]

Good question, I was wondering the same thing. I won some of my DLF leagues that are through LeagueSafe. I assumed that they would have to send 1099’s for anything $600 and above. It’s fine with me, either way.

yeah, if I remember correctly I never received one.