[Colorado-talk] Taxes for Travel Package?

[Scott C. LaBarre]

Typically not but that is a question for a tax advisor such as an CPA.
Usually, prizes as small as this aren't a problem and larger items, like
cars, are.  Again, a CPA is best to address that question.

Regards,
Scott

-----Original Message-----
From: Colorado-talk [mailto:colorado-talk-bounces at nfbnet.org] On Behalf Of
Everett Gavel
Sent: Saturday, October 12, 2013 6:56 PM
To: colorado-talk at nfbnet.org
Subject: [Colorado-talk] Taxes for Travel Package?

Hi,

I'm drawing a blank right now on this so thought I'd just ask. Does the
winner of the $3500 Amazing Travel Raffle have to pay any taxes or whatever
on the funds when they win? I know that in some older raffles years ago if
you won a car you had to pay taxes on the value of the car or some such
thing. Just thought I'd ask. 

Thanks, 
Everett

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