Beer Belly BBQ
Knows what a fatty is.
- Joined
- Jun 16, 2014
- Location
- Glendive...
I recently received a 1099 in the mail from a contest I competed and vended at. My winnings were $150 and vending profits were around $625. This contest sold tokens to people and the people used them to purchase the food. The split was 60/40 with the 40% going back to the contest. I am understanding that since I purchased the food and served it while basically being charged 40% to do this I should not be getting a 1099 and reported to the irs as a subcontractor. I know I need to consult a tax pro on this but has anyone else had this happen to them? If my winnings were over $600 I understand the 1099 but not for me selling my goods.