Our total earnings figure is based on all the awards you have won and claimed during this calendar year. We do issue a 1099 form after your combined value totals more than $600
With that in mind, please ask your tax accountant as to the tax impact as we are not licensed to provide tax advice.
Typically when you win anything, anywhere, you get a Form 1099 at the end of the calendar year. The amount on the form gets added to your income and then taxes are calculated, you don’t typically pay taxes directly on the value of the form 1099.
You will receive your form via email only if you opted in to receive electronic statements in you tax profile, otherwise you will receive it via mail.