THow do I know what taxes I would have to pay on a car I won through a local drawing, when they will not 1099 me for it?

Similar questions: tHow taxes pay car won local drawing 1099.

1099-MISC is the correct form. They are required to provide it to you by law because they must report the name of the winner to the IRS. Tell them you need a 1099-MISC.

If they refuse, tell them you are going to the local IRS office to have the situation looked into. contests.about.com/od/taxesfinances/ht/s... htm.

W2-G is usually used for income winnings. ehow.com/facts_6944746_w2_g-income-tax-f... html.

1099 is contractor income, which isn't the right form. Winnings are reported on W2-G, but I'm not sure if that applies here or not. You're supposed to report the fair market value of the car, which probably would be the wholesale price rather than the retail price.

See below for more information. Pdf.

" "How much money must one earn as a 1099 contractor to file income taxes" "Isn't it about time for those who pay no income taxes to offer a simple "thank you" to those who do pay income taxes?" (13 answers).

How much money must one earn as a 1099 contractor to file income taxes.

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