steveheremd asked:
Last year for the WSOP main event I payed my own way (all expenses plus the $10,000 buy-in) and ended up winning a little over $30K. This year I have some friends who want a piece of the action by paying for part of the buy-in and trip. Things were simple last year as far as the taxes and such and I am just not sure if I want the extra work of seeing that the income (If I win anything) is distributed and the tax forms are proper. Has anyone done this (not including entries won online) where you were sponsored to play? Any suggestions on how to approach this or should I foot the bill and the risk alone again?
Tiffany
Last year for the WSOP main event I payed my own way (all expenses plus the $10,000 buy-in) and ended up winning a little over $30K. This year I have some friends who want a piece of the action by paying for part of the buy-in and trip. Things were simple last year as far as the taxes and such and I am just not sure if I want the extra work of seeing that the income (If I win anything) is distributed and the tax forms are proper. Has anyone done this (not including entries won online) where you were sponsored to play? Any suggestions on how to approach this or should I foot the bill and the risk alone again?
Tiffany
