Tax Q: If you w/d in Dec, but receive in Jan

Search

Rambling Wreck Alumni
Joined
Oct 24, 2006
Messages
129
Tokens
Do you claim the winnings for 2007 or 2008? I would think 2007 since they were winnings for 07, but I'm not sure how it works since you would cash the w/d in 08.. .
 

New member
Joined
Oct 17, 2005
Messages
931
Tokens
I'm not sure either but I would think you claim them for 2007. Kind of like selling a stock; you report the transaction as of the day you sell the stock; not the day you withdraw the money and put it into your bank account.
 

Forum statistics

Threads
1,118,005
Messages
13,550,290
Members
100,552
Latest member
taitdtcpro1
The RX is the sports betting industry's leading information portal for bonuses, picks, and sportsbook reviews. Find the best deals offered by a sportsbook in your state and browse our free picks section.FacebookTwitterInstagramContact Usforum@therx.com