Enter to Win the 2007 YMCA Dream Home

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Jambrea
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Enter to Win the 2007 YMCA Dream Home

Post by Jambrea »

http://www.fwymca.org/default.asp?ID=5
The tickets are only $20 and if any one is interested I am selling the raffle tickets!
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jforbes
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Post by jforbes »

That would be an awesome prize. How many tickets are for sale?
Do you have to pay any taxes if you are named the winner?
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Post by Garr »

You always have to pay taxes on stuff like this. If you go to the website it goes into a little more detail. They also have a copy of the brochure.
I have hard copies of the brochure as well if anyone needs one. You can also pick a brochure up at any Y or Tower Bank.

I know that they are trying to sell over 20,000 tickets. More if possible.

I don't have the brochure in front of me. I'll post a little more info tomorrow when I have the brochure.

Sorry, this is Jambrea. I'm on Anthony's (Garr) account! :D
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Jambrea
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Post by Jambrea »

Ok, here is a little more info on the taxes.

All prizes are subject to Federal and State withholding tax. Winners assume property takes accrued after closing and subsequently there after, all assessments, all local, state and federal income taxes, and title closing cost, if any. Winner must choose the home or cash within 10 days after the drawing. If the winner chooses the home, closing must occur within 30 days after drawing.

Also, In the event that the Y does not sell a minimum of 20,000 raffle tickets on or before June 18, 2007, they reserve the right to withdraw the initial prizes and the ticket sales will be split 50/50 between the Y and a single prize winner. There are 10 prizes if they sell a minimum of 20,000 tickets.

1st place: House or $200,000
2nd place: $10,000
3rd place: $5,000
4th place: $2,500
5th place: $2,500
6th place through 10th place: $1,000

They will also have a tour of the house April 7, 14, 21 and 28 from 9:00am until Noon

Another thing, winners need not be present to win on June 22, 2007 at 9:00am when the drawing will be held.

If any one has any more questions feel free to ask. If I don't know the answer, I'll find it for you.

Thanks! :D
[b]Anyone who can only think of only one way to spell a word obviously lacks imagination.
- Mark Twain[/b]
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