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#1- is this the 1099 misc form? or another more specific form?
1099-MISC
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#2- where do I find this form? duh I know it seems obvious but on IRS website I can only find the instructions for the 2018 form and the 2017 form but not the actual 2018 1099 form itself.
Do a google search for "IRS Form 1099".
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#3 I have an australian investor that wants me to 1099 him. Is that even possible? I feel like I have to withhold in this instance.
Yes, it's possible. It will be up to him to file a US tax return to report his US income.
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#4 on the form, should I record the total amount paid, or just the profit?
Record the amount of net winnings of each individual on each 1099-MISC, just as your W-2G from the casino reports the net tournament winnings to you (the payout less your tournament buy-in).
Don't forget to file the IRS copy of the 1099s you issue, along with a Form 1096, with the IRS.
More info:
http://www.taxabletalk.com/2007/05/1...ore-the-rules/