HGTV Dream Home

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From the Archives: Win a Home on TV, Find a Tax Collector in the Attic (the Tax Consequences of Winning a Home in a Giveaway, Part 1)

By | July 4th, 2017|Categories: From the Archives|Tags: , |

This post from January of 2012 is about the tax consequences of winning the HGTV "Dream Home" giveaway.

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From the Archives: You Won the Dream Home, Part 4 — Changing My Mind

By | May 27th, 2015|Categories: From the Archives|Tags: , |

What are the tax consequences of winning the HGTV Dream Home? This is Part 4 of a 6-part series that examines that question.

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You Won the Dream Home, Part 6 – Wrapping it Up

By | February 8th, 2012|Categories: Potpourri of Tax Topics|Tags: |

This was originally supposed to be a 3-part series, but as new information came up I had to add more parts. This is the final installment, so it ends up as a 6-parter. Same as Star Wars, one short of Harry Potter. Or something like that. In this wrapup post, I want to explore what I [...]

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You Won the Dream Home, Part 4 — Changing My Mind

By | January 26th, 2012|Categories: Potpourri of Tax Topics|Tags: |

I learned some new information on Thursday that has changed my mind on what I would do if I won the HGTV Dream Home. I had originally said I would rent out the home as a vacation condo. But there's a big problem with that, and it has nothing to do with taxes. Covenants A website [...]

Take the Money and Run? The Tax Consequences of Winning a Home in a Giveaway, Part 2

By | January 3rd, 2012|Categories: Potpourri of Tax Topics|Tags: , , |

Yesterday I blogged about the tax consequences of winning a home in a giveaway such as the ones HGTV does now and then. Basically, the value of the home is taxable income to the winner. Most of these giveaways give the winner the option of taking the house or taking a cash prize. For example, HGTV's [...]