Winner of Raffle wins a home

This is a discussion on Winner of Raffle wins a home within the Other Real Estate Law Matters forum, part of the REAL ESTATE & PROPERTY LAW category; I bought a raffle ticket for a chance to win a home; mortgage free. Will there be certain taxes (i.e., ...

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Old Oct 9th, 2006, 09:01 AM   #1
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Default Winner of Raffle wins a home

I bought a raffle ticket for a chance to win a home; mortgage free. Will there be certain taxes (i.e., gift tax) owed upon transfer of deed?
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