TaxGuyBill
Level 15
03-29-2023
02:03 PM
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@dascpa wrote:
Sometimes the problem is the FMV of what was received if no 1099 was issued. Long before the 1099's my wife (as a teen) was on The Price Is Right. They gave her a few thousand dollars worth of junk (car wax, a sunroof for a generic car, cleaning products, etc.). No 1099 and no value.
But didn't she need to guess the retail price to win those? 😂