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Congratulations to Susan O’Gorman of Perry, Georgia; she is the winner of the HGTV® Dream Home 2020 sweepstakes, a grand prize package valued at over $2 million dollars.
Meet the lucky winner of HGTV Dream Home 2021 in Newport, RI. Congratulations to Jeff Yanes of Austin, Texas; he is the winner of the HGTV® Dream Home 2021 sweepstakes, a grand prize package valued at over $2.8 million dollars.
Meet the lucky winner of HGTV Urban Oasis 2020 in Portland, Maine. Congratulations to frontline health-care worker Elise Kaiser of Seattle; she is the winner of the HGTV Urban Oasis® 2020 sweepstakes, a grand prize package valued at $650,000 dollars.
Santo said the winner also has to pay income tax. According to HGTV, the grand prize includes the fully furnished house, plus $50,000 cash, valued at a total of about $684,000. Santo says the winner will be taxed at the top federal rate of 37 percent. Add on state taxes, and they’ll owe between $238,000 – $266,000.
As it turns out, it’s not unusual for winners of contests like this to be forced to sell the properties because they can’t afford the income taxes, property taxes or even the upkeep. Even winners of home make-overs must often sell.
Meet the lucky winner of HGTV Smart Home 2021 in Naples, FL. Congratulations to Becky Dolan of Seattle, WA; she is the winner of the HGTV® Smart Home 2021 sweepstakes, a grand prize package valued at over $1.1 million dollars.
Sponsor anticipates that the potential Grand Prize Winner will be contacted either by (i) phone, (ii) email (from the email address [email protected]), (iii) in writing, or (iv) virtually via an “ambush style” visit by Sponsor representatives at the Grand Prize Winner’s home or other location between June 30 – …
Last month, HGTV announced that Jeff Yanes of Kyle, Texas was the winner of the 2021 Dream Home Sweepstakes.
Congratulations to Fannie Allen of Tucson, Arizona! She is the winner of HGTV Urban Oasis® 2019, a grand prize package valued at over $700,000.
HGTV Dream Home 2021 is a stunning waterfront masterpiece in Newport, Rhode Island. Take a peek at this grand three-story home after the construction was complete and before the design team added layers of sophisticated furnishings and accessories.
“It all depends on how much money they’ve just won,” Bromstad told the New York Post. “Some people are living pay cheque to pay cheque and they’re pretty smart, like, ‘Wow, I’m 35 years old and I’ve just won a million dollars — it’s going to change my life for the moment but I’ve got to be smart about it’.”
Now, a frontline healthcare worker from Seattle has scored the ultimate HGTV prize – a house! Elise Kaiser recently won 2020 HGTV Urban Oasis, a prize package that includes a new fully furnished home in Portland, Maine and $50,000 – for a total Grand Prize package that is valued over $650,000.
The IRS requires that taxes on prizes valued greater than $5,000 must be paid upon acceptance and before St. … The taxes on the home are the responsibility of the winner. The IRS requires ALSAC/ St. Judeto collect the taxes before the transfer of property.
Individuals may enter online by visiting the HGTV website and completing and submitting the online entry form (limit one online entry on the HGTV website, per valid email address, per eligible person per day); and by visiting the DIY Network website and completing and submitting the online entry form (limit one entry …
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In April, Jeff Yanes, a resident of Austin, Texas, was named the winner of the Dream Home. In addition to the fully furnished house, Yanes also was awarded $250,000 in cash from Rocket Mortgage and a 2021 motorhome from Camping World — a grand prize package valued at $2.8 million.
See every amazing remodeled space from HGTV Urban Oasis 2021, a bold escape packed with high-end design and located in Indianapolis, Indiana.
What is David Bromstad’s net worth today? The 48-year old’s net worth is estimated at $4 million. He has accumulated wealth, fame, and success over the years thanks to his hard work, determination, and persistence, which can be seen from his work both on and off the TV.
It might seem too good to be true – but we do know that every participant must be under contract on a house when they sign up for the show. So, the reality is that not all houses might actually be up for sale, much like when it was uncovered that House Hunters was staged.
David is not married, either. At the moment, he appears to be single. But he did post a picture with an unnamed man he referred to as his “BF” in 2016. David has often shared pictures with his boyfriends on social media.
The HGTV Dream Home Giveaway is an annual sweepstakes from the Scripps Network’s Home and Garden Television channel, which has run since 1997. … Since its 1997 conception, the HGTV Dream Home Sweepstakes has since grown into one of America’s biggest and most popular giveaways.
HGTV officially announced the location of the home to the media Thursday. The ranch-style home is in a private-cul-de-sac next to the Eagle Lakes Golf Club, which sits out east where U.S. 41 turns into a two-lane road, minutes from Marco Island.
If you win a house in a contest, consult a tax professional for guidance. Winning a house in a contest might push you into the 25 percent marginal tax rate. On a $200,000 house won in a contest you would owe an additional $50,000 in federal income tax ($200,000 x . 25 = $50,000).
Is this Dream House Raffle legal? Yes it is.
Before you see a dollar of lottery winnings, the IRS will take 25%. Up to an additional 13% could be withheld in state and local taxes, depending on where you live. Still, you’ll probably owe more when taxes are due, since the top federal tax rate is 37%.