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...
AdThe Tax Deadline is Approaching. File Today and Avoid Penalties. Avoid the Last-Minute Scramble - Book An Appointment With An H&R Block® Tax Pro Today!
No Surprise & Hidden Fees · Online & In-Person Filing · Match with a Tax Pro