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WebMay 9, 2015 · So if you win a car as part of a contest you have to pay income tax on the ARV (approx retail value) of the car. You get a 1099-MISC to assist you with that. So what happens if you turn around and sell the car? Do you have to pay additional income tax on the money you got for selling the car? united-states taxes Share Improve this question … WebGreat game chance of winning a car and cash. the only reason not giving a 5 stars is because players can play 75 tickets giving them a advantage. the limit should be 50 tickets the max making it more fairer for all. Date of … WebCar, Tech, Watches, Motorbikes, Holidays or Cash – what will you play for? Every week there's a guaranteed Midweek Lifestyle Competition winner – there have been more than 300 so far! Win your dream prize from just 50p. first jewellery