1099-K reporting is automated by Stripe for any withdrawals from a user’s Arena Club wallet that are transferred to their Stripe Connect account.
Note: this does not reflect the user’s profit on Arena Club - it reflects the total amount of funds transferred from the platform to a personal bank account. Users are responsible for self-reporting their cost basis and overall profit/loss on their transactions, and filing taxes accordingly.
Reach out to support@arenaclub.com for your full transaction history. We recommend consulting a tax professional for your specific situation.
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