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Thread: Private flight on JetBlue!
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Old Nov 20, 2007 | 11:55 pm
  #11  
j3823x
 
Join Date: Oct 2005
Programs: AA EXP, Hertz 5*, Marriott PLT
Posts: 1,092
Originally Posted by JerseyVics
saw that the other day... how did they estimate the value to be: $171,367

--Russ
Typically a prize of that value will come with a 1099 to the IRS for the MSRP. Even if you claim to the IRS that the value is only $100,000 there are still taxes for whichever tax bracket you're in that would need to be paid.
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