View Single Post
  #3  
Old 07-18-2005, 11:26 PM
Master5hake Master5hake is offline
Junior Member
 
Join Date: Mar 2005
Location: Arlington VA
Posts: 28
Default Re: Staking Money Transfer Question...

I don't have a good insight for this exact situation invloving a backing a poker bankroll - but I do know that 'gifts' exceeding 10,000 dollars are taxable - whether this could be qualified as an investment vs. a gift is another deal altogether, I think you would need a legal contract specifying the nature of the transaction
Reply With Quote