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October 23, 2012 3:54 pm at 3:54 pm
#900821
zahavasdad
Participant
BTW if you win, you have to pay TAX on the Prize.
If you win some cheap prize at a chinese auction like a bunch of museum admissions, I wouldnt worry about the tax, But this prize has significant value and you will be responsible to report the prize as income.
It might be worth $20K-$30K and you will owe state and Federal tax on it.