Thread: Taxes
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Old 07-24-2013
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How do I define it clearer?

Oprah gives her audience $100K automobiles, Joe Schmoe was in the audience, was given a car, turns around and immediately donates that $100K vehicle that he got from Oprah to Kids with Cancer charitable organization. Is it a wash on his tax form in terms the tax deduction canceling out the gift tax?

(The random shit my brain comes up with when it's tired.)
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