12-18-2003, 11:13 AM
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Senior Club Cobra Member
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Join Date: Aug 2001
Location: Rocky River, Ohio,
OH
Cobra Make, Engine: Everett-Morrison, 347 Tri-power Stroker
Posts: 678
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Not Ranked
Just curious... what were the tax ramifications of winning Jenny's Car - lot's of rumors were spinning around during the DVSFIII.
It was my guess that since all the items to build the car, including time were donated, (talk about generosity!), and that the raffle had a tax-exempt charity status, that there would be no taxes to the winner.
But as usual, I am probably wrong... any tax advisors out there?
- Dan
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Hybrid Mode
