Katie recently won a ceramic dalmatian valued at $800 on a television game show. She questions whether
Question:
Katie recently won a ceramic dalmatian valued at $800 on a television game show. She questions whether this prize is taxable since it was a “gift” she won on the show.
a) Use an available tax research service to answer Katie’s question.
b) Write a letter to Katie communicating the results of your research.
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Related Book For
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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