Thread: FPP porsche- taxable?
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Old 09-25-2007, 10:35 AM
Tappy Tibbons Tappy Tibbons is offline
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Join Date: Feb 2006
Posts: 188
Default Re: FPP porsche- taxable?
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It's not considered a gift?

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Remember a few years ago when Oprah Winfrey gave everyone in her audience a free car? They all had to pay taxes on the value of the car. So, even if it is a gift, you still have to pay taxes on it.
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