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Old 05-06-2007, 11:07 AM
bav bav is offline
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Join Date: Nov 2005
Location: Vegas
Posts: 2,857
Default Re: Awful WSOP news from PokerStars

I've been told by several winners and floor people that Harrah's doesn't give out 1099's or W2G's to folks who win main event seats in their freerolls. (Still trying to win a seat myself.) The claim is because they aren't winning cash, but rather just an entry into a tournament which is non-refundable, non-transferable, yaddayadda, that it ain't reportable (or some such, anyway).

Kinda sounds from that like if you win a freeroll tourney and get a seat to the main event, and bust out of the main event with no cash, there are no taxes to be paid on the entry you won. Maybe?
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