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  1. #1
    Registered User ek3's Avatar
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    Do you have to pay taxes on game show winnings? (Jeopardy, Wheel of Fortune, etc.)

    Say you won something on a game show (a new car, a vacation, $$$, etc.) Do you have to pay taxes on that, and if so, what taxes? Sales tax? Income tax?

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  2. #2
    Registered User Dan916's Avatar
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    If only there was some type of internet search engine that has this answer.
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  3. #3
    Registered User awsync's Avatar
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    yes, you have to pay federal and state taxes to the state the show was filmed in (usually CA)

    also, if you win a prize you are taxed on the value of the car...so suppose you win a car on price is right you owe the feds and the state of CA a % of the value of the car
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  4. #4
    Registered User Rdez's Avatar
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    Yes, you do.
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  5. #5
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    yes
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