OF COURSE I THOUGHT ABOUT THE TAX CONSEQUENCES WHEN I HEARD THAT TOM BRADY IS GOING TO GIVE AWAY HIS NEW TRUCK
I just didn't get to blogging about Tom Brady giving Malcolm Butler his Super Bowl MVP prize until after someone at Forbes wrote about it. Of course the truck Tom got was a taxable prize (sorry, Tom, the outcome might be different if you had won it in the Olympics), and the gift to Malcolm might be taxable as well.
Via Tax Prof.
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