bstaxes Posted February 1, 2008 Report Posted February 1, 2008 Client won a car in 2007, non-profit organization raffle. They sent no paper work to him. Report on line 21? The car is expensive. Quote
Booger Posted February 1, 2008 Report Posted February 1, 2008 Client won a car in 2007, non-profit organization raffle. They sent no paper work to him. Report on line 21? The car is expensive. You should report the FMV of the auto on line 21...they SHOULD have given the winner a 1099. Booger Quote
catax Posted February 1, 2008 Report Posted February 1, 2008 YES, LINE 21 OTHER INCOME. ALL PRIZES AND AWARDS. Quote
bstaxes Posted February 1, 2008 Author Report Posted February 1, 2008 Thanks for confirming my thoughts. I was almost doubting myself when there was no 1099. Quote
Booger Posted February 1, 2008 Report Posted February 1, 2008 Thanks for confirming my thoughts. I was almost doubting myself when there was no 1099. bstaxes, you may want to consider contacting the non-profit org and talk about offering your tax services to them.................couldn't hurt. Booger Quote
michaelmars Posted February 2, 2008 Report Posted February 2, 2008 don't forget the client gets to subtract the $1 for the ticket on sch A Quote
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