Posts Tagged ‘ Income Tax Purposes ’

How do I have to report sweepstakes income if I sell the prize?

May 12th, 2013 | By

Brian S asked: I won a prize back in August 2006 worth almost as much as a car (about $9000). I still have it, but have never used it, and was just waiting for winter to end so I could decide if I want to keep it or sell it. I already paid sales tax
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