2 Aralık 2010 Perşembe

When someone wins a car in a sweepstakes, do they have to pay the taxes right away...? | Q&A

sweepstakes car

Question by pancakes & hyrup: When someone wins a car in a sweepstakes, do they have to pay the taxes right away...?
or do they just get a 1099 tax form at the end of the year?
Do they have to pay them in order to title it or insure it?
Let's say you won car, if you decided to sell it to make some easy $$, do you have to pay the taxes on it BEFORE you can even claim it as yours in order to sell the thing?

You see, I have all these plans of winning a car, and I want to sell

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