How are gaming revenue distributions, including per capita payments, reported when the recipient is a minor?
A:
Gaming revenue distributions, including per capita payments, are taxable in the year of distribution regardless of whether the recipient is a minor, unless placed into a qualifying deferral...
AdIRSTaxes Can Be Complex. Let TurboTax® Find Every Deduction To Maximize Your Refund. Have Confidence Filing Your IRSTaxes With 100% Accurate Calculations. Start Today!
Forward-Looking Features And Comprehensive Design – NerdWallet
AdWhatever the Problem, a Verified Tax Pro Can Solve It for You in Just Minutes Online. Don't Wait, Start a 1-on-1 Accountant Chat Online Right Now. There's No Waiting or Hassle.
Site visitors: Over 100K in the past month
No Waiting · 1-on-1 Chat · Expert Service · 24-Hour Service