NRG5
Level 1

Won a Car from Raffle in 2020

Thanks in advance. Won a car last year on a raffle. Paid all the taxes when we picked it up from the dealer. When i did my taxes i entered the all info from the W-2G.

We also sold a little stock in my co. but it was under 3k.

 

End result -- still owe $ to Fed and esp. to sate. This is surprising since we got a positive refund last year. Did something big change? Seems like we're paying more taxes on the car that we should. 

 

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