Take the Money and Run? The Tax Consequences of Winning a Home in a Giveaway, Part 2
Yesterday I blogged about the tax consequences of winning a home in a giveaway such as the ones HGTV does now and then. Basically, the value of the home is taxable income to the winner. Most of these giveaways give the winner the option of taking the house or taking a cash prize. For example, […]