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    speedball1's Avatar
    speedball1 Posts: 29,301, Reputation: 1939
    Eternal Plumber
     
    #1

    Jan 12, 2009, 09:01 AM
    Does Anybody Know
    If a game show contestant can, swap a prize vacation for money?
    How much tax is taken out when a contestant wins big bucks.
    Thanks, Tom
    Capuchin's Avatar
    Capuchin Posts: 5,255, Reputation: 656
    Uber Member
     
    #2

    Jan 12, 2009, 09:17 AM

    I believe it's added to your taxable income.

    I don't know about swapping, I would imagine that depends on the show.

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