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How does fanduel work with taxes

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This is where many Fantasy sports players get in trouble. Of course, the same information is sent to the IRS. Typically, you’ll receive a Form 1099-MISC or a 1099-K for payment from a third party source like PayPal or Venmo.

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Starting point: If you play Fantasy sports online for money and win $600 or more, the sponsoring website is legally obligated to report the winnings.

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