[Buonaparte]

*"Same here. I'll take the $10,000. Good job on fighting to make it to the final * table."

What are the tax implications in a chop like this? Of course deals happen every day of the week, but in most places in AC that I've played the house doesn't condone or even acknowledge a final table deal. The house also makes the table play out to finish to record, in this instance, seventh through first place.

What happens with the W2-G issued to the player who is on record as first place even though he agreed to a chop and walked away with $10,000? As far as the IRS is concerned he won over $30,000.

I've always been skeptical of final table deals, because I've never been sure of the answer to this question. Anyone have any practical knowledge of how this works?

Thanks,
G