Sweepstakes Winnings Income Tax Question

by Derek Jones
(Florida)

Sweepstakes Winnings Income Tax Question

Sweepstakes Winnings Income Tax Question

I recently won the Marlboro sweepstakes Prze 5000$ american express gift of travel along with a check for 1,700$ Due to illness I have been unemployed for the year with no income whatsoever and on foodstamps living with my elderly mother.


I am Male 38 years old. Will I have to pay any taxes on the win if my total income for the year was the 6,738.99 Total approximate retail value ( ARV ) from the win?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.

Sweepstakes Winner In Florida


(Florida)

I live in Florida we do not have state income tax. I won a car thru a sweepstakes. I know I will be paying federal income taxes on it but what about state taxes?

Click here to post comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Income Tax Questions.


Please subscribe to my monthly newsletter, Bookkeeping Basics E-zine. It tells you every month about the new information that I have added, including some great tips and advice from myself and other Bookkeeping Basics readers.

Enter Your E-mail Address
Enter Your First Name (optional)
Then

Don't worry — your e-mail address is totally secure.
I promise to use it only to send you Bookkeeping Basics E-Zine.

Like Bookkeeping-Basics.net?