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saphyress
February 5th, 2008, 10:50am
I won a Hall of Fame trip last year and just got the 1099, but ONLY for the amount of the check they gave us - $1,250. The original ARV of the trip was $10,000. I contacted the company we won the trip from, but wanted to see if anyone else had this happen.

I was laid off last year and had to break my 401k, so am pretty concerned that the total be correct - hoping for less than the $10,000, but we'll see!

Sorry I won and took the trip last year, is what I should have said, so taxes are indeed, and unfortunately, due this year

Mcnerd
February 5th, 2008, 10:54am
If your trip is scheduled for 2008 that is the year you will get the 1099, for $10,000. So it looks like you have another year to raise the tax money. Wish I had that.

lillaniegirl
February 5th, 2008, 11:03am
I'm being ripped off on my prize's value. I'm still waiting for a more detailed list because this affects my student aid/schooling.

saphyress
February 28th, 2008, 7:10pm
I got the second 1099 for the trip (thankfully less than the ARV, so less taxes, yay!)
Received on 2/26, of course after I'd given up and filed.
Filled out a 1040x and sending my extra taxes in.