.@grange95 You really think DOJ will issue 1099s? FTP balances couldn't possibly represent FY12 income.
@Syracuseball @thinkingpoker @QuantPoker And now, I shall defer all further technical tax issues to @taxdood, who actually knows tax law.
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@Grange95@Syracuseball@thinkingpoker@QuantPoker Don't believe all players receiving payouts will also receive W-2Gs or 1099s for that amtThanks. Twitter will use this to make your timeline better. UndoUndo
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@Grange95@Syracuseball@thinkingpoker@QuantPoker B/c balance not necessarily income. Could've been FTP deposit never wagered on the site. -
@taxdood@Grange95@thinkingpoker@QuantPoker Agreed. Would still be easiest for them to say it's all income and tax entire amt (cont)
End of conversation
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@Grange95@Syracuseball@thinkingpoker@QuantPoker May be special rules re: remission payments to victims though. (researching)Thanks. Twitter will use this to make your timeline better. UndoUndo
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