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...
Ad~37% Of Taxpayers Qualify. Simple Form 1040 Returns Only. See If You Qualify. TurboTax® Makes It Easy To Get Your Taxes Done Right. No Tax Knowledge Needed!
Site visitors: Over 100K in the past month
Types: Basic TurboTax Live, Deluxe TurboTax Live, Premier TurboTax Live
AdFiling Taxes Yourself Just Became Easier With TaxAct's DIY TaxFiling Software. Start Now! Over 90M+ Returns E-Filed Since 2000, File Taxes Yourself Fast & Easy! Try Us For Free.
Types: Deluxe Edition, Premier Edition, Self-Employed Edition, Basic Edition
"Best & most affordable software options available" – TheSimpleDollar