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When Oprah gave away Pontiac G6 sedans to her TV audience, was the value of the cars taxable? Please provide a statement or advice letter

When Oprah gave away Pontiac G6 sedans to her TV audience, was the value of the cars taxable? Please provide a statement or advice letter addressed to client analyzing the question presented through relevant:

1) Code section,

2) IRC regulation, if any

3) a case on point (with similar facts as in your question, NJ or Federal),

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