Does anyone know the tax consequences?

Apalachicola Bay - St. George Island Topics: Does anyone know the tax consequences?

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	Name:	Maverick -
	Subject:	Does anyone know the tax consequences?
	Date:	7/30/2010 10:02:03 AM

Fair Market Value of winnings mutilplied by his/her effective federal and state tax rate.

Misc 1099 should be issued if the FMV is in excess of $600.

If you do not receive a 1099 from the sweepstakes sponsor, don't think that you won't have to pay your taxes. You are liable whether the sponsor sends the proper forms or not.

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Winner for free weekend rental was..... - John C - 7/29/2010 7:26:19 PM

Winner for free weekend rental was..... - Maverick - 7/29/2010 8:23:26 PM

Does anyone know the tax consequences? - Kizma Anuice - 7/30/2010 9:00:53 AM

Does anyone know the tax consequences? - Maverick - 7/30/2010 10:02:03 AM

Does anyone know the tax consequences? - Rooster - 7/30/2010 1:55:35 PM

did i say 1,000? - John C - 8/2/2010 10:23:11 PM

did i say 1,000? - Ulysses E. McGill - 8/3/2010 4:57:27 PM

Winner for free weekend rental was..... - cgpener - 7/30/2010 1:15:47 PM

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