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. Snap A Photo Of Your W-2 And Jumpstart Your Taxes With TurboTax®. File Easily Today!
File With Confidence · Easy and Accurate · Import Prior Year's Data · Audit Support Guarantee
AdOver 90M+ Returns E-Filed Since 2000, FileTaxes Yourself Fast & Easy! Try Us For Free. Tax Advantages For DIY Simple Filers, Dependents & Unemployment. Learn More.
Reduce Your Audit Risk · Customized MyTax Plan · Real-Time Refund Status