What is the name of your state (only U.S. law)? CA
I won a car valued at 53,000.00. I sold the ticket to a person for 30,000.00. This person went to the dealer and picked up the car. The charitable foundation needs to send a 1099 to the person who got the car. He is saying that it is a fraudulent 1099 and he wont accept it. Are we liable for the 1099 taxes? or is he? We never took posession of the car.
I won a car valued at 53,000.00. I sold the ticket to a person for 30,000.00. This person went to the dealer and picked up the car. The charitable foundation needs to send a 1099 to the person who got the car. He is saying that it is a fraudulent 1099 and he wont accept it. Are we liable for the 1099 taxes? or is he? We never took posession of the car.