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...
AdE-File Directly To The IRS w/ TurboTax® Today. Get Your Taxes Done Right, Guaranteed. File Your 2024 Taxes With America's Leader In Taxes. Get 100% Accuracy & Your Max Refund.
AdIRS-Approved E-File Provider. We've Filed Over 71 Million Tax Returns with The IRS. E-File Directly to the IRS with Powerful, Easy-to-Use Tax Prep Software.
Types: Federal Taxes (2023-2016), State Taxes (2023-2016), Tax Refunds (2023-2021)