Re: [vpFREE] Re: CET Win Loss Statement now available

 

> In my opinion, it's a gift or "goodwill distribution" from CET to you, the amount of that gift is not determined until you have played it through.Like any gift you receive, it's not a taxable event for you.



But, there is a non-zero chance, when playing through a "free money coupon", that you may hit a $4,000 RF and get a W2-G. I think one would have a hard time convincing the IRS this was a "gift from CET", if you happened to be audited.

(I am not trying to be a "wise-guy" nor argumentative, I am just seeking the ways in which various people treat their "free money coupons".

..... bl

(I did, in fact, once get a $1,000 RF with quarter VP while playing "free money" through once.)

[Non-text portions of this message have been removed]

__._,_.___

Posted by: bornloser1537@yahoo.com
Reply via web post Reply to sender Reply to group Start a New Topic Messages in this topic (12)

.

__,_._,___