Tax FAQs

Information on receiving tax forms via Slingshot

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Written by R
Updated over a week ago

Will I receive a tax form from Slingshot?

You may receive a US tax form (IRS Form 1099-MISC) from us if you are a Slingshot user, a US taxpayer (i.e., a US person for tax purposes) and received at least US$600 in rewards or prizes during the calendar year.

Please contact us at [email protected] if your filing status changed during the calendar year (i.e., you either become or are no longer considered a US person for tax purposes).

Why did I receive a tax form from Slingshot?

You received a tax form because our records indicate that you received at least US$600 in total rewards and/or prizes during the calendar year in wallets that you own or control. Examples of such rewards or prizes include, but are not limited to, token rewards and NFT rewards.

How does Slingshot calculate the value of my rewards?

We typically calculate the value of your reward on the basis of fair market value, in US dollars, at the time that you received the reward.

What should I do with my Slingshot tax form?

Slingshot does not provide accounting or tax advice, so you should consult an accountant or tax professional to determine your tax obligations. You are solely responsible for your tax obligations and Slingshot will not be liable to you for any tax-related effects of winning rewards.

When will my tax forms be available?

If applicable, a Slingshot tax form for the preceding calendar year will be available in January or February (e.g., a 2022 tax form will be available by February 2023). We will notify you when your tax form is available.

How can I access my tax form?

By agreeing to our Terms and Conditions, you agreed to receive all communications, notices, disclosures and tax forms electronically. We prefer to use electronic delivery to better ensure confidentiality and security. If applicable, you will be provided with instructions on how to access your tax form for the preceding calendar year online January or February. You can request a paper copy, for a fee, of your tax form by contacting us at [email protected].

What should I do if my tax form contains incorrect information?

You should contact us at [email protected] if your tax form contains incorrect name, address or TIN/SSN or if your tax filing status changes during the calendar year.

What should I do if I believe I should have received a Slingshot tax form but did not?

If you believe that you should have received a Slingshot tax form for the preceding year but did not receive anything in January of February of the current year, please contact us at [email protected].

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