StarSong
Awkward is my Superpower
- Location
- Los Angeles Suburbs
Prizes are taxed as ordinary income, and only "fair value" is taxed. So if that hotel room could be gotten for $125/night rather than the $350 being touted as prize value, you can submit it at that price. Same with tours, airfare, etc. Was on a game show and know whereof I speak.Remember, the IRS will want 33% of the prize value in taxes. If it's below $10,000 I'd do it. I'd make payments to the IRS for a few years.
That said, I'd be thrilled to get a trip to a major US city. Have spent time in these major US cities: NYC, Chicago, San Francisco, San Diego, New Orleans, Houston, Boston, Miami, Portland, NYC and more. Had a great time in all.
I've yet to travel anywhere without meeting charming, helpful people, eating delicious food, and enjoying interesting sights.