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...
AdWe Can Use Last Year’s Tax Return From TurboTax® Or Another Preparer To Save You Time. Snap A Photo Of Your Forms, Verify Your Data, And We'll Automatically Fill In Your Return.