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...
AdH&R Block® Audit Support is Available For Every Online, Tax Software, and Assisted Filing. Learn More About Our Tax Notice and Audit Representation Services
No Surprise & Hidden Fees · Maximum Refund Guarantee · Match with a Tax Pro