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Thread: Dream Home 2011

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  1. 02-15-2011, 12:23 PM #1
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    Karen
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    I think that's precisely why there's now a large cash amount as well as the house - for the taxes!
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  2. 02-15-2011, 12:44 PM #2
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    Quote Originally Posted by Karen View Post
    I think that's precisely why there's now a large cash amount as well as the house - for the taxes!
    But you still have to pay taxes on it EVERY YEAR. Then what? All but one or two winners have sold or are trying to sell their "Dream Home", and some of these folks have good jobs/occupations. Nothing would have helped in the NC house tho, with the restriction on further construction that was imposed.
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  3. 02-15-2011, 01:55 PM #3
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    we are aware of taxes lol we thought about taking the in lue of award if we do win which is the 500,000 plus the car and an additional 650,000 or we thought about seeing a tax specialist lol, so we have thought of things to do so if we do win we will be all set lol
    Justin and the pups.
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  4. 02-15-2011, 02:10 PM #4
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    Quote Originally Posted by inlovewithanimals View Post
    we are aware of taxes lol we thought about taking the in lue of award if we do win which is the 500,000 plus the car and an additional 650,000 or we thought about seeing a tax specialist lol, so we have thought of things to do so if we do win we will be all set lol
    Got to love your optimism. Someone has to be chosen a winner, so you probably stand just as much chance as the next guy. Good luck!!!!!
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    To everything there is a season, and a time to every purpose under the heaven.
    Ecclesiastes 3:1
    The clock of life is wound but once and no man has the power
    To know just when the hands will stop - on what day, or what hour.
    Now is the only time you have, so live it with a will -
    Don't wait until tomorrow - the hands may then be still.
    ~~~~true author unknown~~~~
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  5. 02-15-2011, 02:34 PM #5
    gini
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    It is just beautiful and I sure hope that you win. Isn't it a shame that
    once you win something - you have to pay taxes on it. And if you "win"
    enough money for the taxes - you have to pay taxes on the money first.........
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  6. 02-15-2011, 09:18 PM #6
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    I agree how's it winning if ur paying? Lol
    Justin and the pups.
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  7. 02-19-2011, 04:28 PM #7
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    plans changed we stayed faithfull to entering lol, but have decided that IF we do win we will take the in lue of prize, which is the 2011 gmc acadia denali, $500,000 and another $650,000

    firstly pay the taxes on the money of course, then pay off our current home, then buy ANOTHER home payed in full someone in the mountains like in new hampshire where there is no property tax ? haha so far ive found some nice homes in new hampshire with acres and acres or property included, (mostly equestrian estates. which happens to be my favorite lol. crossing my fingers
    Justin and the pups.
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  8. 02-15-2011, 01:59 PM #8
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    Good luck! Its beautiful.
    don't breed or buy while shelter dogs die....

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    Thanks Kfamr for the signature!

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