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  • BoangTao33

    • 751

      RG Overall Ranking

    I am starting a staking arrangement with a guy that is outside of the U.S. Let’s say somehow I win 100,000 this year and we are splitting the money. Does anyone know how the taxes would work in this situation? Is there a way for not to be a hook for taxes on the 50,000 that is not mine in this scenario?

  • gordylamb

    • 253

      RG Overall Ranking

    • Ranked #49

      RG Tiered Ranking

    i am not a lawyer or accountant but this was very common in poker. Just create some sort of formal contract, either in advance outlining the agreement or around tax time outlining the end results. It is probably worthwhile to consult with a CPA though as poker winnings were w2-g and dfs is w2 which make complicate things.

  • bhdevault

    • Lead Moderator

    • Blogger of the Month

    There will be a tax thread that gets started each year pretty soon. I would ask that question again in there once it is created.

    Also, our Discord server has a channel dedicated to DFS Tax questions.

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