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-   -   Non-profit seeking to sponsor a raffle (https://www.askmehelpdesk.com/showthread.php?t=756963)

  • Jun 28, 2013, 11:51 AM
    opons
    Non-profit seeking to sponsor a raffle
    We are doing a 50/50 raffle to help raise funds for our organization in North Carolina. Is there a dollar amount that we give that requires us to give the winner a 1099. We are a non profit 501C3

    Respectfully,
    D. Hall
  • Jul 6, 2013, 11:36 AM
    AK lawyer
    Post moved from this thread.
  • Jul 6, 2013, 11:53 AM
    ScottGem
    I believe any amount over $599.99 requires a 1099.
  • Jul 6, 2013, 12:49 PM
    AK lawyer
    Quote:

    Originally Posted by ScottGem View Post
    I believe any amount over $599.99 requires a 1099.

    Actually it's a W-2G. The details are contained in Publication 3079.
  • Jul 6, 2013, 01:08 PM
    ScottGem
    Quote:

    Originally Posted by AK lawyer View Post
    Actually it's a W-2G. The details are contained in Publication 3079.

    You're right, it is gambling winnings so would be a W-2G. But the threshold is correct. Good link too. That should be all the info the OP needs.

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