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...
AdSpend Less Time Managing Finances and More Time on Growing Your Business with QuickBooks®. Discover the New QuickBooks®. AI-Driven, Human-Expert Led to Power Growth.
Track Income & Expenses · Snap & Store Receipts · Get Organized · Maximize Tax Deductions
AdRegister and Subscribe Now to work on your QBI Deduction Simplified Computation Form. Get Ready for Tax Season Deadlines by Completing Any Required Tax Forms Today.
Save
Share
More
