2020 TRD Pro Sweepstakes.

Wow. That was quite gracious of you guys.


From what I can recall, I think winnings over a certain amount are reported via a 1099 as taxable income. With the casino biz booming around here, it gets talked about a bit. Like I said though, no direct experience.

Regardless, there would be enough $$$ out of that giveaway to make any pinch from the GOV still very worthwhile.

 

Is there some contract that goes along with winning that keeps you from selling the truck for a certain amount of time?

 

Most of these questions can be answered here...

https://usscpromotions.com/burton/toyotasweeps/rules

 

No snorkel......??? Boooo

 

My mistake, I didn't realize that you had to pay an additional tax if you win a vehicle. Never won anything in my life for that to come up.

 

I won a $3k trip and had to pay the taxes on it. For this package though, worst case scenario, you sell the truck and make a crap ton of extra cash.

 

Yes, will hit income tax too. There is a taxable value assigned to non-cash transfers of value.

Fine print also says winner responsible for dealer preperation fees and leaves it open to other costs as well.

Still worth it for a new truck.