Confused about this prize

M

mnmpnut

New member
I won a bouncy box ...flashlight and I am grateful for the win,but... the winning box said it was valued at $69.99 but when I click on the link to see it in Amazon it says it is $17.99 has anyone else had this happen?
 
Almost all ARV's are over-inflated. The only time I question it is when I have to pay the taxes on a large win. Also, Amazon prices constantly fluctuate, so it could be worth a million dollars one minute, and 1 cent the next minute. Don't worry about the price, and just enjoy the win. Congratulations.
 
I have been a sweeper for 20 years, I keep track of my winnings so I can claim them on my taxes so yes I will and I can "worry" about the price of any prize I win. But thank you for your input.
 
mnmpnut said:
I have been a sweeper for 20 years, I keep track of my winnings so I can claim them on my taxes so yes I will and I can "worry" about the price of any prize I win. But thank you for your input.
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mnmpnut - this thread may help you;

Thread: ARV and your taxes {TY to LIDARKSIDE}



https://www.sweepstakesplus.com/forum/questions-and-answers/17790-arv-your-taxes-ty-lidarkside.html

amyshulk said:
Information courtesy of this link ~ How to Dispute an ARV on Your Sweepstakes Taxes

When you win a sweepstakes prize, you are only required by the IRS to report the fair market value (FMV), not the sponsor's approximate retail value (ARV); but how do you go about finding out what the FMV is and how do you handle the difference on your taxes? Find out here.

How to Dispute an ARV on Your Sweepstakes Taxes
Click to expand...



mnmpnut Last Activity 01-15-2018 01:36 AM
 
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