General
Why does FundedNext collect tax information from U.S. traders?
FundedNext is required to comply with U.S. IRS information-reporting rules when paying U.S. persons.
If you are a U.S. trader and receive a Performance Reward from FundedNext, we are required to collect a W-9 form and issue a 1099-NEC if your total withdrawal amount exceeds $600 in a calendar year.
Who needs to submit a W-9 form?
Only U.S. citizens and U.S. residents requesting a withdrawal must submit a W-9 form.
Non-U.S. traders do not need to submit any tax forms to FundedNext.
When do I need to submit my W-9?
You will be prompted to submit a W-9 before your first withdrawal request.
If you are an existing U.S. trader and have not submitted a W-9 yet, you will be asked to upload it before requesting a withdrawal.
What happens if I don’t submit a W-9?
If a valid W-9 is not on file:
You will not be able to request withdrawals.
Your withdrawal request will remain blocked until the W-9 is approved.
W-9 Validation
How is my W-9 reviewed?
W-9 forms are reviewed and validated automatically by our compliance partner (Avalara).
FundedNext does not manually approve or edit W-9 forms.
What are common reasons a W-9 gets rejected?
A W-9 may be rejected if:
The name does not match your FundedNext profile.
The tax classification is not Individual / Sole Proprietor.
The SSN format is invalid.
The form is unsigned or incomplete.
Required fields are missing.
If rejected, you’ll see the reason and can re-upload a corrected form.
What happens if my W-9 keeps getting rejected?
If your W-9 is repeatedly rejected, your withdrawal request may remain on hold until a valid form is provided.
For assistance, please contact FundedNext support.
1099-NEC
What is a 1099-NEC?
A 1099-NEC is an IRS information form that reports non-employee compensation paid to U.S. individuals during a calendar year.
When will I receive my 1099-NEC?
If applicable, your 1099-NEC will be:
Generated after the end of the calendar year.
Delivered by January 31.
Available via email and in your FundedNext Dashboard under Tax Documents.
What Performance Reward period does the 1099-NEC cover?
Your 1099-NEC includes all Performance Rewards paid to you between January 1 and December 31 of the applicable year.
Will FundedNext help me file my taxes?
No. FundedNext does not provide tax advice.
We recommend consulting a qualified tax professional for guidance on filing your personal tax return.
Do non-U.S. traders receive any tax forms from FundedNext?
No. FundedNext does not collect tax forms or issue tax documents for non-U.S. traders.
Note: The W-9 and 1099-NEC requirements apply to U.S. traders of both FundedNext Futures and FundedNext CFDs.