3
votes
1answer
108 views

Is it worth the trouble to enter a contest with a non-cash prize?

Currently Nikon is holding a digital film-making contest. The top prize is $17k worth of professional Nikon photo equipment. The problem is I assume the tax on this stuff will be approximately 5.5k. ...
4
votes
1answer
357 views

Tax liability for selling inherited collectibles on eBay?

When I was a kid, my grandfather gave me some collectible items, which at the time were worthless. Many years later, this stuff is actually worth a few thousand dollars. If I sell this stuff on ...