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Dec 30th, 2023
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 Re: Boat bonus checks in tournaments
[Re: Dubee]
#13490767
03/27/20 06:40 PM
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Joined: May 2002
Posts: 5,036
leethefishking
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,036 |
When you go this route make sure you withhold taxes from what you give your partner. When you get the tax statement it’s going to be in your name
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Re: Boat bonus checks in tournaments
[Re: leethefishking]
#13490841
03/27/20 07:48 PM
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Joined: Oct 2009
Posts: 10,825
rj74955
TFF Guru
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TFF Guru
Joined: Oct 2009
Posts: 10,825 |
It should be split if you each get new boats from time to time and could be eligible from either of your boats. If you stagger this correctly and each get a boat every 6 to 8 years you can stay in bonus money on many trails. If you have a new boat but he always has an old one or buys used then you should keep the money or at least a larger captains share. That's pretty much the way I see it.
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Re: Boat bonus checks in tournaments
[Re: Jev]
#13491639
03/28/20 01:39 PM
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Joined: Mar 2014
Posts: 595
TxBazzn
Pro Angler
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Pro Angler
Joined: Mar 2014
Posts: 595 |
If your one on here that buys a new boat enough to stay in the bonus checks then you have enough money that you shouldn’t care how it’s split.
If not, and you spent the money and your partner does not, that’s your money. I’m talking strictly the bonus money for boat brand and upgrades on that boat. Your partner in that case has done literally nothing to Earn it. They earned the split winnings from tournament but not the bonus checks for the upgrades and purchases you made without them.
It’s not a marriage and the person with the boat is losing a lot more than their partner so any partner that has a problem with that is as selfish as they’ll try to make you feel.
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Re: Boat bonus checks in tournaments
[Re: TxBazzn]
#13491655
03/28/20 01:48 PM
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Joined: Apr 2010
Posts: 1,096
barbarian
Extreme Angler
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Extreme Angler
Joined: Apr 2010
Posts: 1,096 |
If your one on here that buys a new boat enough to stay in the bonus checks then you have enough money that you shouldn’t care how it’s split.
If not, and you spent the money and your partner does not, that’s your money. I’m talking strictly the bonus money for boat brand and upgrades on that boat. Your partner in that case has done literally nothing to Earn it. They earned the split winnings from tournament but not the bonus checks for the upgrades and purchases you made without them.
It’s not a marriage and the person with the boat is losing a lot more than their partner so any partner that has a problem with that is as selfish as they’ll try to make you feel.
I agree 100%
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Re: Boat bonus checks in tournaments
[Re: Jev]
#13491662
03/28/20 01:52 PM
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Joined: Aug 2009
Posts: 11,140
9094
TFF Guru
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TFF Guru
Joined: Aug 2009
Posts: 11,140 |
Teams pick their partners and most try to team up with someone they think they can win with. Doesn’t matter whose boat they are in.
Teams split expenses from entry fee to fuel evenly.
Even split of any winnings also. I wouldn’t fish with a team partner that thought any other way.
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Re: Boat bonus checks in tournaments
[Re: 9094]
#13491684
03/28/20 02:02 PM
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Joined: Dec 2007
Posts: 2,036
Walls
Extreme Angler
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Extreme Angler
Joined: Dec 2007
Posts: 2,036 |
Teams pick their partners and most try to team up with someone they think they can win with. Doesn’t matter whose boat they are in.
Teams split expenses from entry fee to fuel evenly.
Even split of any winnings also. I wouldn’t fish with a team partner that thought any other way. I agree 100%
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Re: Boat bonus checks in tournaments
[Re: Jev]
#13491808
03/28/20 03:41 PM
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Joined: Jan 2004
Posts: 72,516
Mark Perry
Super Freak
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Super Freak
Joined: Jan 2004
Posts: 72,516 |
Split it 50/50.....if $500 to $1500 is gonna cause you that much grief in taxes then keep it I guess. I figured my partber helpedus do well enough to win so I'm splitting it no questions asked.
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Re: Boat bonus checks in tournaments
[Re: Jev]
#13492357
03/29/20 12:05 AM
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Joined: Dec 2015
Posts: 644
TxRanger1
Pro Angler
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Pro Angler
Joined: Dec 2015
Posts: 644 |
Doesnt matter to me, my boat is too old to qualify. Now aint that just a kr@ppy way to treat the older guys.
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Re: Boat bonus checks in tournaments
[Re: Jev]
#13492513
03/29/20 02:19 AM
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Joined: Dec 2006
Posts: 509
BCB
Pro Angler
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Pro Angler
Joined: Dec 2006
Posts: 509 |
Some tournament incentives are getting rather large. A standard event ranges from $250 to $1000 and a Double Up on our Quest Tournament Incentive is $2000.
We pay $7500 for a win in Bass Champs now and splitting $7500 would leave the boat owner obligated to a significant tax burden.
BCB
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Re: Boat bonus checks in tournaments
[Re: leethefishking]
#13492520
03/29/20 02:29 AM
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Joined: Jul 2011
Posts: 5,290
Dubee
TFF Celebrity
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TFF Celebrity
Joined: Jul 2011
Posts: 5,290 |
When you go this route make sure you withhold taxes from what you give your partner. When you get the tax statement it’s going to be in your name Never worried about that. Just split everything. If in my boat. I get stuck paying taxes. If in his boat. He paid them
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