Backing a player and who pay the taxes?

[HavanaBanana]

I you back a player in let's say the WSOP main even, and the deal that you have with that player is 50%/50% , he wins $1 000 000, who will pay the taxes on the share that you are getting for staking the player?

Anyone know how that was done when MoneyMaker won?
Or when Fossilman Won?

Thanks,

ToT

[mackthefork]

[ QUOTE ]
Or when Fossilman Won?


[/ QUOTE ]

I'm guessing any backer paid taxes on their own share, there's probably a form to fill in or some such.

Regards Mack

[drewjustdrew]

Does this help?

[HavanaBanana]

Thanks [img]/images/graemlins/smile.gif[/img]