I rec'd my prize in the mail (autographed Indy 500 driver suit). Yea, m first win! Does anyone have a draft letter on how to request from the sponsor to lower the value? Thanks.
Just call them up and request the true value of the driver's suit only. You could probably find the information by doing a search on the internet for the exact manufacturer and such of it. The IRS puts $0 value on autographs, but they probably valued that into the ARV.