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Old 12-03-2005, 09:54 PM
MichaelOar MichaelOar is offline
Junior Member
 
Join Date: Dec 2003
Posts: 6
Default Re: WSOP: Bubbling better than a weak cash?

Isn't the seat "constructively" received in the year that you win it? Also, I am just about positive that you only have to pay taxes on the fair market value of the seat if you sell it, not the "face" value of the seat.

Damn, I'm not looking forward to my federal income tax exam in two weeks!

Mike
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