Tweet
Question on ameteur status
If someone received $950, but after expenses only was taxed $375 in the United States, would they lose their ameteur status?
Pooh
Pooh
-
-
Re: Question on ameteur status
Sorry, I was trying to say On $375
Pooh -
Re: Question on ameteur status
if you look up the R&A site there is a bit there on ameteur status and what you can and cant recive in winings. think it would be the same if you looked up USGA site.
billComment
-
Re: Question on ameteur status
According to the latest rules laid down by the USGA, the limit in the value is set at $750. So, if you won AND accepted the $950, you would lose your amateur status. You do not lose your status if you won the prize but did not accept it.
The taxable amount or "nett" amount after expenses is not relevant.Comment
-
Re: Question on ameteur status
Thanks guys, I really appreciate your responses.
PoohComment
-
Re: Question on ameteur status
I know a lot of tournaments here will convert winnings to gift certificates as there seems to be a loop hole in the rules about that.Comment
-
Re: Question on ameteur status
Amateur status is based on the value. How the prize is paid (i.e. by vouchers, prizes, goods or services, etc.) is irrelevant.
$750 is your limit under the USGA rules.Comment
Comment