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Question of the Week Archive (10+ years)

Jai-5 Carryover: $2,147  (through 10/19 Evening)

Re(2): How do you deal with 'signers'?

From what I've read there are big changes coming next year for pari-mutuel tax reporting and witholding that will result in less reporting and tax witholding. Here is an excerpt from a NTRA article:

Currently in pari-mutuel wagering, thresholds for reporting and withholding on lucrative wins is based on the base unit of the wager. For instance, currently if a player puts together a $1 trifecta play with 24 different combinations, the thresholds are still based on a $1 play. The new rules would base the thresholds relative to a $24 play.

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