I have a question about taxes. My understanding is that if I receive over $600 in games from TRAINN in 2008, you will send me a 1099 in early 2009 and I will need to claim them as winnings on my income tax return.
My question is, do the two games I requested on 12/29/07 count as 2007 "winnings" because I requested them in 2007, or 2008 "winnings" because I received them in January 2008?
Additionally, is there a way to find out my total approximate "winnings" cash value for 2008 so far, including my orders that are currently in process?
Thank you,
xxxxxxx
Date: 2008-04-11
Response 1:
The amount is calculated by when the orders are placed so they would count towards 2007.
The current value of the games ordered, including GTA, from 2008, is $416.