IRS Form 5754 is used to document income redistribution from gambling winnings when multiple players are involved. All individuals must have a wagering account, and the completed form should be mailed to Player Services.
IRS Form 5754 is commonly used to document redistribution of income from winning wagers made in one players' account when the wager involved more than one player.
In order to redistribute the income, all individuals must have a wagering account.
This form would need to be completed by all parties and mailed to Player Services.