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Old November 23rd 07, 03:59 AM posted to rec.aviation.piloting
Robert M. Gary
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Posts: 2,767
Default AOPA Cardinal tax value?

On Nov 22, 1:05 pm, wrote:

If I won it, the first thing I'd do is go get 3 professional appraisals,
throw away the highest, and send the IRS (and State in my case) the
tax on the average.

AOPA is also required to supply the value to the IRS. They always low
ball it. If you want to challenge it you'll need to do that formally
with the IRS. Whenever large prizes like this are awarded the IRS is
involved.


What do you think the professional appraisal would be for?

If the AOPA value was less than the appraisal, what do you imagine
I would do with the appraisal?


Sucks when the coffee pot runs dry.

-Robert