1st place win monster energy

agski

agski

Member
Just received this in my email. Thanks SA and monster. This is my largest win yet. Although it stated in the rules it was only $499 and would very depending on certain factors. Big price difference and will have to pay taxes on it now

Congratulations! You are a first prize winner in the Monster Energy Rocks the USA promotion.
The first prize is one (1) Monster Energy Fender Telecaster Guitar
The approximate retail value is $1,116.00
 
how many times did you enter

how many times did you enter
agski said:
Just received this in my email. Thanks SA and monster. This is my largest win yet. Although it stated in the rules it was only $499 and would very depending on certain factors. Big price difference and will have to pay taxes on it now

Congratulations! You are a first prize winner in the Monster Energy Rocks the USA promotion.
The first prize is one (1) Monster Energy Fender Telecaster Guitar
The approximate retail value is $1,116.00
Click to expand...
 
Congrats! Don't forget to figure the fair market value for tax purposes. It should be considerably lower value than the retail value listed.
 
hello me too just wondering why its to different amounts

agski said:
Just received this in my email. Thanks SA and monster. This is my largest win yet. Although it stated in the rules it was only $499 and would very depending on certain factors. Big price difference and will have to pay taxes on it now

Congratulations! You are a first prize winner in the Monster Energy Rocks the USA promotion.
The first prize is one (1) Monster Energy Fender Telecaster Guitar
The approximate retail value is $1,116.00[/QUOTE ] i have to send paperwork in by june 6 got the email today..are u sending it in i want to ask by calling the number tomorrow why is the value different because will have to pay taxes on it and if its 499 i dont have to pat taxes any thoughts??? thanks and congrats as well wish it was tomorrow already lol so i could get some answers
Click to expand...
 
Wow! Thats a very nice win. Love guitar wins. I keep trying and someday it will happen. :) Congratulations and enjoy it!
 
GET online prices for that guitar, save and print out soon, that way you can dispute a high price with the irs
 
taxes

agski said:
Just received this in my email. Thanks SA and monster. This is my largest win yet. Although it stated in the rules it was only $499 and would very depending on certain factors. Big price difference and will have to pay taxes on it now

Congratulations! You are a first prize winner in the Monster Energy Rocks the USA promotion.
The first prize is one (1) Monster Energy Fender Telecaster Guitar
The approximate retail value is $1,116.00
Click to expand...

Congrats on your win. When you claim on your income tax, just make sure you tell them it was property and not money. Makes a huge difference. I did not notice much of a difference and I have had to claim wins over $1,000 the last couple of years.
 
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