97% reduction in BC Signers

[herkhorse]

Finally some numbers no one is complaining about.

https://www.ntra.com/newly-enacted-i...championships/

[cal828]

Not sure I have a clear understanding of all this. I understand that if you had a big win when you are at the track, the amount that you have to report on has changed drastically for the better, but if you bet through an internet account, wouldn't Xpressbet, Twin Spires, etc. still send you a 1099 at the end of the year reflecting the aggregate of your wins/losses which would include winnings on Breeder's Cup or not?

[Big Peps]

I hit on a solid pick 3 a couple weeks ago on the NY showcase day at Belmont, cashed the ticket and couldn't believe I didn't have to sign, it was very very cool.

Job well done

[ateamstupid]

Originally Posted by cal828

Not sure I have a clear understanding of all this. I understand that if you had a big win when you are at the track, the amount that you have to report on has changed drastically for the better, but if you bet through an internet account, wouldn't Xpressbet, Twin Spires, etc. still send you a 1099 at the end of the year reflecting the aggregate of your wins/losses which would include winnings on Breeder's Cup or not?

No, they only send you W2-G's for wagers that triggered reporting thresholds.

[cal828]

Originally Posted by ateamstupid

No, they only send you W2-G's for wagers that triggered reporting thresholds.

Good to know. Thanks for responding.