The amount is reportable on your return as income,
offset in your itemized deductions by the amount it
cost to get the royal, according to the IRS whether
it's $1,199 or $1,201. You only get the W2G if it's
$1,200 or over. I suppose if a person decided they
were not going to report any payout under $1,200 on
their return the logic might be correct but the tax
return wouldn't. And besides I was still one of those
players still there after it went over $1,200 so now
you know the rest of the story.
ยทยทยท
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