Md. Code Regs. 36.09.04.06

Current through Register Vol. 51, No. 22, November 1, 2024

Section 36.09.04.06 - Reporting

A. Fantasy competition operators shall report fantasy competition prize payouts larger than $600 to the Comptroller of Maryland and the Internal Revenue Service in accordance with applicable tax laws.

B. A fantasy competition operator shall provide a 1099 MISC. tax form to players that receive a prize payout larger than $600.

Regulation .06 adopted effective 49:3 Md. R.137, eff. 12/16/2021; adopted effective 49:11 Md. R. 610, eff. 5/30/2022