bstaxes Posted February 1, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
Booger Posted February 1, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
catax Posted February 1, 2008 Report Share Posted February 1, 2008 YES, LINE 21 OTHER INCOME. ALL PRIZES AND AWARDS. Quote Link to comment Share on other sites More sharing options...
bstaxes Posted February 1, 2008 Author Report Share Posted February 1, 2008 Thanks for confirming my thoughts. I was almost doubting myself when there was no 1099. Quote Link to comment Share on other sites More sharing options...
Booger Posted February 1, 2008 Report Share 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 Link to comment Share on other sites More sharing options...
michaelmars Posted February 2, 2008 Report Share Posted February 2, 2008 don't forget the client gets to subtract the $1 for the ticket on sch A Quote Link to comment Share on other sites More sharing options...
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