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...
AdWe Can Use Last Year’s Tax Return From TurboTax® Or Another Preparer To Save You Time. Have Confidence Filing Your IRS Taxes With 100% Accurate Calculations. Start Today!
Easy and Accurate · Audit Support Guarantee · Maximum Refund Guaranteed
Forward-Looking Features And Comprehensive Design – NerdWallet
AdUnlimited Expert Help For Less—Switch To H&R Block® And Save. Start Your Return Today. Switch To H&R Block® Online In Less Than 2 Minutes And File Smarter Today.