Quote:
Originally Posted by Domino6post
Hi All... New to the forum.
I just got a call yesterday that I won the grand prize and unfortunately there isn't a "cash option" for the grand prize, so either I pay the $32,500 in taxes, or walk away from the award. They won't ship the car to my nearest dealer until the taxes are paid.
On top of the IRS taxes there is local sales tax and DMV so that's another $13K.
This is a tough decision.
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I'm sure your local dealership is willing to make you an offer to buy it off of you, after you have paid all the taxes.