Topic Wiki

DDFers with raffle entries:
as2: 2
sillypainter: 1
Yaalili: 1
tmendy226: 1
a good yeshiva bachur: 1
crony: 1
Zevi16: 1
ruv: 2
mendyt: 1
EJB:

https://www.dansdeals.com/advertisement/enter-win-twin-cabin-aboard-journey-lifetime-antarctica-5000-cash-private-consult-supporting-chabad-cleveland/

https://www.chabadofcleveland.com/templates/articlecco_cdo/aid/4096324/jewish/Antarctica-Cruise-Raffle.htm

Add your name if you will purchase a $100 raffle ticket for the Antarctica trip.

If you will buy more than 1 write it next to your user name:


1 - CM
2 - yossig
3 - JoeyShmoe
4 - Yitzyul 
5 - Wizmanison (2)
6 - Bentzy
7-  mendyt
8-  jes
9- nafnaf12
10- lubaby (2)
12-abey
13- Z56
14 - crony
15 - stever (2)
« Last edited by EJB on August 16, 2018, 02:37:35 AM »

Poll

Which amount and format would you buy in at? (vote for one of each)

50%+ to Charity
11 (8.7%)
10-15% to Charity
3 (2.4%)
Any amount to Charity
18 (14.3%)
I don't care if my money goes to charity
19 (15.1%)
Variable ticket prices $1-$360 chosen at random
11 (8.7%)
I wouldn't buy in at more than $150-$180
10 (7.9%)
I wouldn't buy in at more than $100-$150
15 (11.9%)
$100 is my max
39 (31%)

Total Members Voted: 85

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Author Topic: Antarctica Cruise Raffle  (Read 44752 times)

Offline Dan

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Re: Now Live! Antarctica Cruise Raffle
« Reply #345 on: August 09, 2018, 03:57:07 PM »
Quote from: username on July 20, 2018, 08:25:53 AM
Is there a 1099 if I win? If so, I'm out.
Nope.
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #346 on: August 09, 2018, 03:58:26 PM »
Quote from: Dan on August 09, 2018, 03:57:07 PM
Nope.
Winnings are taxable, correct?
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Offline vanilla

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Re: Now Live! Antarctica Cruise Raffle
« Reply #347 on: August 09, 2018, 04:01:21 PM »
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #348 on: August 09, 2018, 04:08:22 PM »
Quote from: vanilla on August 09, 2018, 04:01:21 PM
https://www.dansdeals.com/advertisement/enter-win-twin-cabin-aboard-journey-lifetime-antarctica-5000-cash-private-consult-supporting-chabad-cleveland/#comment-1369934
WOW! If anyone knows why it wouldn't be taxable please let me know.

Winning Raffles. If you’re lucky enough to win cash or property with a charity raffle ticket, you should know that the IRS treats your prize as taxable gambling winnings that must be reported on the “other income” line of your tax return.
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Online sruly

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Re: Now Live! Antarctica Cruise Raffle
« Reply #349 on: August 09, 2018, 04:44:44 PM »
I'm in for 2.
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Online Chief Rabbi of New York

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Re: Now Live! Antarctica Cruise Raffle
« Reply #350 on: August 09, 2018, 04:46:09 PM »
Quote from: ChaimMoskowitz on August 09, 2018, 04:08:22 PM
WOW! If anyone knows why it wouldn't be taxable please let me know.

Winning Raffles. If you’re lucky enough to win cash or property with a charity raffle ticket, you should know that the IRS treats your prize as taxable gambling winnings that must be reported on the “other income” line of your tax return.

business expense ? meeting with Dan ....
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #351 on: August 09, 2018, 04:47:12 PM »
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Offline as2

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Re: Now Live! Antarctica Cruise Raffle
« Reply #352 on: August 09, 2018, 05:39:57 PM »
Quote from: ChaimMoskowitz on August 09, 2018, 04:08:22 PM
WOW! If anyone knows why it wouldn't be taxable please let me know.

Winning Raffles. If you’re lucky enough to win cash or property with a charity raffle ticket, you should know that the IRS treats your prize as taxable gambling winnings that must be reported on the “other income” line of your tax return.
You report your Vegas winnings?
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Offline gozalim

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Re: Now Live! Antarctica Cruise Raffle
« Reply #353 on: August 09, 2018, 06:26:27 PM »
Quote from: yelped on August 09, 2018, 03:51:22 PM
Well, you're already near the 50 seat limit, so I'm assuming you won't have issues filling up, and the draw date is August 24 if all goes well.
some potential raffle entrants don't count towards the limit...
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #354 on: August 09, 2018, 06:31:35 PM »
Quote from: as2 on August 09, 2018, 05:39:57 PM
You report your Vegas winnings?
-losses, yes. The point is it is taxable so why pretend?
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Offline vanilla

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Re: Now Live! Antarctica Cruise Raffle
« Reply #355 on: August 09, 2018, 06:33:11 PM »
+1
Quote from: ChaimMoskowitz on August 09, 2018, 06:31:35 PM
-losses, yes. The point is it is taxable so why pretend?
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Re: Now Live! Antarctica Cruise Raffle
« Reply #356 on: August 09, 2018, 06:46:50 PM »
Quote from: ChaimMoskowitz on August 09, 2018, 04:08:22 PM
WOW! If anyone knows why it wouldn't be taxable please let me know.

Winning Raffles. If you’re lucky enough to win cash or property with a charity raffle ticket, you should know that the IRS treats your prize as taxable gambling winnings that must be reported on the “other income” line of your tax return.
Where did you copy that from?
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #357 on: August 09, 2018, 06:50:27 PM »
Quote from: yelped on August 09, 2018, 06:46:50 PM
Where did you copy that from?
From one of about hundred sites that came up with the same thing with a simple Google search.
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Online yelped

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Re: Now Live! Antarctica Cruise Raffle
« Reply #358 on: August 09, 2018, 06:58:21 PM »
Quote from: ChaimMoskowitz on August 09, 2018, 06:50:27 PM
From one of about hundred sites that came up with the same thing with a simple Google search.
They all copy from each other. Just like all the other points bloggers who copy everyone else's mistakes.  :P
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Offline ChaimMoskowitz

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Re: Now Live! Antarctica Cruise Raffle
« Reply #359 on: August 09, 2018, 07:01:08 PM »
Quote from: yelped on August 09, 2018, 06:58:21 PM
They all copy from each other. Just like all the other points bloggers who copy everyone else's mistakes.  :P
The bottom line it is taxable. If you want to pretend you need to consult a tax attorney then maybe you should consult a tax attorney to see if a CC bonus is taxable.  :)
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