I don't know how much we will have to pay in taxes yet - but I'm assuming that based on the ARV of $8,000 that we will have to pay about $1,500 maybe? Not sure. I'm told by the company that managed the captain morgan sweepstakes (it's a marketing firm called Avid Marketing Group), - that I'll receive a tax form to submit with our 2025 taxes (since we took the trip in 2025). The other fun drawback was that Captain Morgan gave us an american express gift card for $1,000 for food and incidentals. And surprise surprise the hotel they sent us to does not accept american express. I had to pay with my own money and then used the Amex gift card for other stuff (so it all worked out fine in the end).