Quote:
Originally Posted by Brett
Someone somewhere posted that they got a 1099 or some such thing, so yes you will likely have to pay taxes on this.
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Couldn't find anything here but did find a thread on
SCIONLIFE that covered it, including difficulties getting the form from them.
So, you'll get either a 1099 if they consider it a result of the drawing, or a W2-G (nonemployee income) if they don't.
Either way, as probably pretty much everyone thought, there is a tax liability. Before I can decide to go, I need to know what value they plan to assign to the trip.
As much as I would like to go and meet everyone, I need to know how much its going to cost me so I can make an informed decision.