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Get your taxes done using TurboTax
this is from an IRS website
You must include in your income the non-cash prize or award. Prizes and awards in goods or services must be included in your income at their fair market value. You must report this income on the appropriate other income line of Schedule 1.
If you refuse to accept a prize, do not include its value in your income.
‎July 29, 2022
9:59 AM
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