IRS Form 5754 – How to Split Gambling Winnings and Losses
Gambling winnings and losses are generally reportable on an individual's income tax return. In some cases, the prize money is split between 2 or more individuals using Form 5754.
Gambling winnings and losses are generally reportable on an individual's income tax return. In some cases, the prize money is split between 2 or more individuals using Form 5754.