Quote:
Originally Posted by grammaton76
Question for you: on the Front Sight promotional where we're getting free guns, is there something which covers guns which are free? I guess this is the same as winning one in a raffle, etc.
I have a hunch the state is going to want sales tax on the MSRP of each and every gun we get.
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I've "won" prizes before. The organization doing the giveaway sends a tax form in with the value of the item and you should get a small post card with a tax form number on it stating the value of your prize. When you do your taxes there's a form you'd fill out for "gifts" or "prizes" which I think is at a different tax rate then your normal taxes. When I won this I was a kid so I was exempt from paying it ($500 monitor).