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Give Up Blog - for scientists like these!
You hid my archives, didn't you Steve!
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Friday, February 10, 2006
Better claim that Bag of Holding on your W-2
NPR had a story this morning about the tax implications of online MMORPG gaming. One guy went out to try and discover what the rules were regarding in-game winnings. Though the final synopsis was "nobody knows", he had some interesting possibilities:
That awesome spawn camp loot you got after waiting for three days? Sweepstakes winnings. Better hope you get a 1099 and declare it. Then fill out a form W2-G and enclose the value of said loot. When you traded that 59th level wood elf a Verpine Sword for the Amulet of Dikameron? You'd better determine fair market value for the bartered goods (in US dollars, not gold credits, that is) and file a 1040 Schedule C. |
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