Boarmaster
WKR
Yes. I have won a bino harness, a Yeti 30 go box and a yeti panga 50.
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Good info. Thanks. We have a yearly raffle here and one of the prizes is a Swarovski Optics Package with a value of $15K. I always enter, then wonder if I win how to report. HahaFrom what I have 'researched' - Sometimes.
It appears to depend on the value of the prize. There are some rules about value level before reporting is required - if there is no reporting, no 1099 is sent and a person has to self-report the 'additional income' [similar to gambling wins/losses]. I found that $5k seems to be the limit. If the declared value is greater than that, the prize givers have a lot more paperwork to deal with; if under that, they basically have to file only that the prize was awarded and attest to its value. Everything else then is required to be completed by the prize winner.
I think too, the prize giver can chose to withhold taxes [or pay them] when the prize is awarded - I've read this can happen with the high value stuff.
I don't know what the minimum value would have to be to not report it - maybe $600 or whatever minimum value is required before you have to file taxes?
Congrats! Unit 44 correct?I won the raffle for the Colorado gov deer tag a few years ago. Spent $100 on 4 tickets for it (though like you I put in for a few every year). I did a ton of research and hunted solo during the rut but the weather and deer never cooperated and ended up hunting with an outfitter the last 4-5 days of the season. It was an incredible experience and I got to hunt units Id never catch in point creep. It wasnt what you read about with all kinds of guides and landowners calling and trying to sell deer. I really didnt have any of that and felt lucky to actually get some help. I also learned a ton about hunting the rut and late season which Id never done before.
I had a friend win a Marco Polo hunt in the grand slam ovis monthly raffle a few years ago. He had a good trip but had to pay a ton in taxes and extra fees. I had another friend with a yukon moose hunt.
Bottom line you can win!
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Congrats! Unit 44 correct?
Ohh shoot! Lost my mind for a minute. Not sure what I was thinking when I asked this question!Is this a trap from the rokslide unit police!?!
I know 3 tags that year were filled in 3 different units. One guy still hadnt tagged out when the west of 25 season ended. Dont know if he went to the plains or not.
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