Kate Knibbs / Wired:

The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants  —  Americans flocked to prediction markets last year.  Now, it's time to pay taxes on winnings.  How do you do that?  Great question.

Kate Knibbs / Wired:

The US IRS is yet to issue guidelines on whether prediction market gains should be taxed as derivatives, gambling winnings, or income, worrying accountants  —  Americans flocked to prediction markets last year.  Now, it's time to pay taxes on winnings.  How do you do that?  Great question.

Source: TechMeme
Source Link: http://www.techmeme.com/260407/p18#a260407p18