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    vvandeventer's Avatar
    vvandeventer Posts: 1, Reputation: 1
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    #1

    Sep 30, 2016, 12:16 PM
    Withhold tax on 1099 by foreigner
    If a foreigner wins a prize such as a car, is tax withheld on the 1099 like the 30% on a W-2G?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Sep 30, 2016, 12:20 PM
    For a prize the value of a car, yes, taxes WILL be due on that car.

    Since the car has no liquidity, you may be required to provide a payment equal to 30% of the value of the car before they will release the car to you.
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