FLAVOROL - mike’s® Hard Lemonade Seltzer Backyard Sweepstakes

[kcharlton]

Nice win!! I've always had my wins offset by losses..like lottery. And they will want to know your interpretation of ARV, which could be lower.

 

[suzyq_w]

congrats

 

[eflynn]

It depends on how much she is making at her work - if she is working. Caution: If she is collecting snap benefits, etc this will affect them and probably terminate them. If she is low enough income it probably won't affect her federal and state taxes much - and any liability may be offset with the child credit. Congrats to her on winning!

I won 10K July 2020 and I am low income. I dont get snap but did get medi cal and sociaol security and I had to pay taxes. U need to know that when they send her the tax form it has to be a 1099MISC. Miscellaneous. The co I won from just sent it as a 1099 so when I went to H * R Block to file as I have 3 1099 gig jobs she said they sent u the wrong 1099. This one will make u pay taxes twice. It will be like I did an independent contract job for them. I filed as it was and pd a lot. I then talked to them and rec'vd the 1099 misc and we filed an amended tax form. So out of the $2950 I sent originally I will be getting back $2450. I didn't realize that. SO PLS MAKE SURE IT IS A 1099Misc.