This all depends on where you live. Different countries have different laws. As stated in the Terms of Use, it is the responsibility of every TradeOff™ user to understand and comply with his or her country’s tax laws.

Any taxes will be a percentage of your winnings for a given calendar year. You can download your trading event history under the history tab. Subtract your entry fees from your gross winnings to determine your net winnings for the calendar year.

For more specific information--

USA – If you win $600 or more during any calendar year, you can expect to receive a 1099 Tax Form from TradeOff™ in the mail, as we are legally required to provide you with this. We will send you this form in time for you to file your tax return. If this form was somehow lost in the mail, please contact us at support@tradeoff.com. We are always here to help!

Next suggested article: Will there be bank charges on deposits and withdrawals?

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