Re: wsop backers and taxes
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I am selling 10 shares of myself to buy into a wsop event. I own 30%. If I win a significant amount how do the taxes work.
I believe I will sign for the winnings as they would not write several different checks. So would I have to pay tax on everything and then pay my investors who would then have to pay tax again? Anyone have info?
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check greg raymers site, I'm pretty sure he explains what he did
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