Interest in buying one drop action - Page 2 - High Stakes Poker Pot Limit and No Limit

taxes would be the same as if you cashed in the tournament yourself. Ive paid out UK players before where they dont get any money taxed ect.

So basically whatever your country does for taxes when you play a poker tournament in the states is what would happen in terms of taxes.

Would you care to elaborate on how that works with the Tax department in the states? I'm curious because every country seems to treat this differently.

Can you just show them records of people sending you money for backing, so that lets say you win One Drop, you are only taxed on the 10/15% you have of yourself?

So i guess my question is: How do you prove to the Tax Authority that you were backed for a large portion of the buyin?

05-26-2014 , 08:42 PM

#28

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

yah i mean i had a bunch swapped out for the main event and i just put that tax obligation on them if they were from a country that gets taxed and if not i just filled out a form for that particular country.

05-26-2014 , 08:46 PM

#29

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

my official # sold is 72.5% with another 5-6 % additional in maybes and about 8 people getting back to me this week. Its looking like Im going to be playing unless a big piece drops out.

05-28-2014 , 06:37 PM

#30

p2ryan

adept

Join Date: May 2010 Posts: 821

any american want to split 0.5%? ive bought and sold many packages daily on here. i will send to a reputable person as well.

05-29-2014 , 11:49 PM

#31

Stinger88

veteran

Join Date: Jul 2006 Posts: 3,237

Quote:

Originally Posted by p2ryan

any american want to split 0.5%? ive bought and sold many packages daily on here. i will send to a reputable person as well.

I'd split it, 50/50?

05-31-2014 , 12:16 AM

#32

wawaweewow

stranger

Join Date: Aug 2009 Posts: 12

Quote:

Originally Posted by p2ryan

any american want to split 0.5%? ive bought and sold many packages daily on here. i will send to a reputable person as well.

I want to split .5% as well and willing to send to a reputable person.

06-02-2014 , 03:32 AM

#33

gregy20723

2012 WSOP Main Event Champ yo

Join Date: Mar 2008 Posts: 467

85% sold and put the deposit down for my seat today. Thanks to everyone who bought, gl us.

06-02-2014 , 05:49 PM

#34

wombat4hire

in touch with humanity

Join Date: Oct 2008 Posts: 6,940

Good luck Greg.

06-05-2014 , 08:11 AM

#35

MrP0ker

journeyman

Join Date: May 2014 Posts: 298

Good luck man!

06-09-2014 , 11:01 PM

#36

NYC_Jon

adept

Join Date: Mar 2012 Posts: 772

Good luck! I'd be backing if it weren't for the tax issue.

06-21-2014 , 06:36 PM

#37

blipandblop

newbie

Join Date: Jan 2012 Posts: 34

Would be super happy if anybody would sell 0.1-0.3% so i have some fun. Also on to pay a bit overprice.

Ofc willing to send instant to Well know users, mb/neteller/bank we, just want some action.

Thanks!

06-22-2014 , 01:03 PM

#38

DGAF

Pooh-Bah

Join Date: Jan 2009 Posts: 4,114

Quote:

Originally Posted by NYC_Jon

Good luck! I'd be backing if it weren't for the tax issue.

You live in US?

What's the tax issue?

06-22-2014 , 01:06 PM

#39

Land Of The Free?

old hand

Join Date: Apr 2011 Posts: 1,695

Quote:

Originally Posted by DGAF

You live in US?

What's the tax issue?

Having to pay taxes?

06-22-2014 , 04:15 PM

#40

DGAF

Pooh-Bah

Join Date: Jan 2009 Posts: 4,114

Quote:

Originally Posted by Land Of The Free?

Having to pay taxes?

Oh, so like, "I'd totally buy that 6pack at 7-11 if it weren't for the tax issue?"

That makes sense I guess.

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