WOW FA! You own a dealership? I'd hate to do business with you if you get this worked up over a raffle! What happens when a customer has an issue with something you sell? Hate to see that **** storm!
By the way, you do pay taxes on your winnings from a raffle, just like if you won the lottery. I know, I won a trip to Hawaii and received my 1099 at the end of the year and paid our good old IRS 28% on the retail value of the trip. You really need to pinpoint a value on the sled, so people can decide if they want to pay the taxes, if they should be so lucky to win.
I guess if you want to guarantee that someone WON'T pay taxes on the sled, if they win, I'm sure that would put alot of people at ease and you'd probably sell out of the tickets in a heartbeat. That is, if you haven't already!
Just my 2 cents. Have a nice day!
By the way, you do pay taxes on your winnings from a raffle, just like if you won the lottery. I know, I won a trip to Hawaii and received my 1099 at the end of the year and paid our good old IRS 28% on the retail value of the trip. You really need to pinpoint a value on the sled, so people can decide if they want to pay the taxes, if they should be so lucky to win.
I guess if you want to guarantee that someone WON'T pay taxes on the sled, if they win, I'm sure that would put alot of people at ease and you'd probably sell out of the tickets in a heartbeat. That is, if you haven't already!
Just my 2 cents. Have a nice day!