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Old 06-11-2006, 08:26 PM
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UCrewX5 UCrewX5 is offline
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Join Date: Mar 2005
Location: Hockeytown, USA
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It's treated as ordinary income, and yes the recipients are responsible for paying the taxes on this. For many this can be a real killer, financially, and they have to sell their "winnings" in order to afford to pay the taxes.
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