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...
AdEnd Your Tax Stress. Get Relief From Back Taxes With the Help of Our IRS Experts. Get Immediate IRS Help and Tax Relief. Our Tax Experts Can Estimate Your Forgiveness Now.