tag:blogger.com,1999:blog-12703782.post463188876045340722..comments2020-04-11T03:30:02.282-05:00Gary R. Welshhttp://www.blogger.com/profile/15185079937305083438noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-12703782.post-61017613527439058502013-06-02T12:50:08.547-05:002013-06-02T12:50:08.547-05:00It would be a reportable, taxable gift for you or I, if it exceeded the excludable amount, which is currently $13,000. It&#39;s why people who win a bunch of prizes on game shows often have to sell part of their prize winnings to pay the taxes. Gary R. Welshhttps://www.blogger.com/profile/15185079937305083438noreply@blogger.comtag:blogger.com,1999:blog-12703782.post-8321606090016725902013-06-02T12:09:40.687-05:002013-06-02T12:09:40.687-05:00I am not an accountant or a tax expert by any means. It would seem to me a &quot;gift&quot; might be reportable income. <br /><br />Would the value of the Country Club membership or tickets received for a sporting event be reportable Income??? Floggerhttps://www.blogger.com/profile/10383015097067413086noreply@blogger.com