RetrieverTraining.Net - the RTF banner

Math on SRS winnings

4154 Views 26 Replies 14 Participants Last post by  DL
I was just checking in to the SRS site and was wondering that if you won $30K cash and $25K value in trailer, wouldn't the taxes on that basically wipe out the cash? Don't get me wrong, I'd love to win it. I just thought the tax bracket on winnings is around 50%....

1 - 2 of 27 Posts
How would winning money or equipment affect that person's AKC amateur status?
ZERO effect. It's not classified as income received for training a dog/improving a dog's skills for field trials or hunting.

All questions resurface and maybe one day income will be income, training will be training and hunting skills competition will mean just that.
At present the regs leave the determination of Amat status to the FTC.
Any committee that wants to follow the AKC definition of Amateur as it's currently written will not count SRS winnings as income derived from the training of a dog for field trials or hunting.

1 - 2 of 27 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.