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...
AdA Simple Step-By-Step Process To Make IRS Tax Filing Easy. Get Started With TurboTax®. File Your IRS Tax Return With Confidence. Your Taxes. Done Right. With TurboTax®!
File With Confidence · Maximum Refund Guaranteed · Tax Experts Available
Forward-Looking Features And Comprehensive Design – NerdWallet