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...
AdDo yourself a favor and file with FreeTaxUSA. E-File directly to the IRS and save today. Home of the Free Federal & Low-Cost State Tax Return. No Forced Upgrades. No Surprises.
Site visitors: Over 100K in the past month
Completely Free Federal · Authorized IRS E-Filer · E-File Directly to IRS
AdA Simple Step-By-Step Process To Make IRSTax Filing Easy. Get Started With TurboTax®. File Your IRSTax Return With Confidence. Your Taxes. Done Right. With TurboTax®!