Back in 1967, the Internal Revenue Service determined that traded player contracts were considered exchanges of like-kind property. In the new tax code, like-kind exchanges are now limited to “real property” or land. That means trades might now be subject to taxation.
For more information on tax reform, please visit our Perspectives page where you can access various articles, videos, and webinar recordings. If you have any questions, contact a member of your DGC engagement team or Director of Marketing Kappy Freund at 781-937-5130 / firstname.lastname@example.org.