Question:

What if I want to raffle a house or car I own in Alabama on the internet?

by Guest31884  |  earlier

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What are the legal or accounting reprecussions?

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1 ANSWERS


  1. Get an attorney to advise you on the offer and closing documents. May or may not be a tax liability, depends upon how long you have owned the home. If over two years, gain is not taxable. You should be ok

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