It was my first year in several years and did ok in brackets, if you won $600+ in brackets do you get a 1099 from the USBC? or just if you win $600+ in the actual tournament?

note to self, never be good enough to win $600 in a season

Quote from: milorafferty on February 03, 2019, 08:42:40 PM

Brackets are gambling. It's random chance on the matchup which by definition is gambling.

But there is the factor of skill involved.

There was the argument on Daily Fantasy sports betting being skill based vs gambling. It was ruled to be gambling because you are betting 100% on the outcome of something you have no control over.

Compare this to bowling and brackets, your skill factors in the outcome so you do have some control.

how do they view card gambling?  the best comparison to brackets would be texas holdem players.  gambling but its your skill vs somebody elses, and the cards would equal the lanes

I have been filing on schedule C for 25 years.  I an not a pro bowler ( actually a tax accountant ), but have received 1099s on almost every year.   If you keep records of all expenses and demonstrate a reasonable profit motive you can even have an occasional loss year.   If you rarely get a 1099 this is probably more trouble than it is worth, but the schedule C is the only sure to get the benefit of your entry fee as an offset. 

Don't forget to keep track of your leagues and other tournaments, practice, travel (including mileage) and equipment. If you don't get your expenses up to your 1099 you either aren't trying hard enough or you had a really good year.  Not very many people make a profit when you figure everything that goes into it.