Start a new topic

Tax preparation question

 So like many traders I am sitting down to prepare my 2015 taxes.  I see in other threads here that PredictIt issues a 1099-MISC form to anyone who made more than $600 in 2015 calendar year.  What do the rest of us do?  Is there a function somewhere on the site that generates a report for us?  Or do we have to go and add up all our wins and losses (tedious!) from last year and subtract out commissions and (I gather) the eventual 5% withdrawal fee manually?

Just don't claim it

Is it really fine to just not claim it on your taxes?  It's still income, right?  Isn't it supposed to be reported then?

Login to post a comment