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.
Use an available tax research service to answer Katie's question.
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IRC Sec 74a provides that gross income ...View the full answer
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Related Book For
Essentials Of Federal Taxation 2018
ISBN: 9781260007640
9th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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