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OT: St. Jude Dream Home
Does anyone have any idea how much the taxes would be on a $350,000
home? St. Jude has a Dream Home raffle in our area every year and I
would really like to buy a ticket to support them. However, the rules
state that "the IRS requires that taxes on prizes valued greater than
$5,000 must be paid upon acceptance and before SJCRH may deliver the
prize to the winner. Winners are encouraged to consult a tax
consultant." Not that I snowball's chance in hell of winning, of
course, but you never know :-)
Marsha/Ohio
home? St. Jude has a Dream Home raffle in our area every year and I
would really like to buy a ticket to support them. However, the rules
state that "the IRS requires that taxes on prizes valued greater than
$5,000 must be paid upon acceptance and before SJCRH may deliver the
prize to the winner. Winners are encouraged to consult a tax
consultant." Not that I snowball's chance in hell of winning, of
course, but you never know :-)
Marsha/Ohio
Marsha wrote:
> Does anyone have any idea how much the taxes would be on a $350,000
> home? St. Jude has a Dream Home raffle in our area every year and I
> would really like to buy a ticket to support them. However, the rules
> state that "the IRS requires that taxes on prizes valued greater than
> $5,000 must be paid upon acceptance and before SJCRH may deliver the
> prize to the winner. Winners are encouraged to consult a tax
> consultant." Not that I snowball's chance in hell of winning, of
> course, but you never know :-)
>
Um, that should be "not that I have a snowball's chance in hell...
> Does anyone have any idea how much the taxes would be on a $350,000
> home? St. Jude has a Dream Home raffle in our area every year and I
> would really like to buy a ticket to support them. However, the rules
> state that "the IRS requires that taxes on prizes valued greater than
> $5,000 must be paid upon acceptance and before SJCRH may deliver the
> prize to the winner. Winners are encouraged to consult a tax
> consultant." Not that I snowball's chance in hell of winning, of
> course, but you never know :-)
>
Um, that should be "not that I have a snowball's chance in hell...
Marsha <mas@xeb.net> wrote in news:g05f11$r68$1@news.datemas.de:
> Does anyone have any idea how much the taxes would be on a $350,000
> home? St. Jude has a Dream Home raffle in our area every year and I
> would really like to buy a ticket to support them. However, the rules
> state that "the IRS requires that taxes on prizes valued greater than
> $5,000 must be paid upon acceptance and before SJCRH may deliver the
> prize to the winner. Winners are encouraged to consult a tax
> consultant." Not that I snowball's chance in hell of winning, of
> course, but you never know :-)
>
> Marsha/Ohio
>
this might help or send you in the right direction
http://auditor.cuyahogacounty.us/realprop/calculate.htm
> Does anyone have any idea how much the taxes would be on a $350,000
> home? St. Jude has a Dream Home raffle in our area every year and I
> would really like to buy a ticket to support them. However, the rules
> state that "the IRS requires that taxes on prizes valued greater than
> $5,000 must be paid upon acceptance and before SJCRH may deliver the
> prize to the winner. Winners are encouraged to consult a tax
> consultant." Not that I snowball's chance in hell of winning, of
> course, but you never know :-)
>
> Marsha/Ohio
>
this might help or send you in the right direction
http://auditor.cuyahogacounty.us/realprop/calculate.htm
Jeannie wrote:
> Marsha <mas@xeb.net> wrote in news:g05f11$r68$1@news.datemas.de:
>>Does anyone have any idea how much the taxes would be on a $350,000
>>home? St. Jude has a Dream Home raffle in our area every year and I
>>would really like to buy a ticket to support them. However, the rules
>>state that "the IRS requires that taxes on prizes valued greater than
>>$5,000 must be paid upon acceptance and before SJCRH may deliver the
>>prize to the winner. Winners are encouraged to consult a tax
>>consultant." Not that I snowball's chance in hell of winning, of
>>course, but you never know :-)
>>
>>Marsha/Ohio
>>
> this might help or send you in the right direction
>
> http://auditor.cuyahogacounty.us/realprop/calculate.htm
That helps as far as property taxes goes, but I think St. Jude's website
is referring to income taxes on the value of the house? Maybe I
misunderstood. If you have to come up with the income tax amount before
taking ownership, that would be not be easy to do.
Marsha/Ohio
> Marsha <mas@xeb.net> wrote in news:g05f11$r68$1@news.datemas.de:
>>Does anyone have any idea how much the taxes would be on a $350,000
>>home? St. Jude has a Dream Home raffle in our area every year and I
>>would really like to buy a ticket to support them. However, the rules
>>state that "the IRS requires that taxes on prizes valued greater than
>>$5,000 must be paid upon acceptance and before SJCRH may deliver the
>>prize to the winner. Winners are encouraged to consult a tax
>>consultant." Not that I snowball's chance in hell of winning, of
>>course, but you never know :-)
>>
>>Marsha/Ohio
>>
> this might help or send you in the right direction
>
> http://auditor.cuyahogacounty.us/realprop/calculate.htm
That helps as far as property taxes goes, but I think St. Jude's website
is referring to income taxes on the value of the house? Maybe I
misunderstood. If you have to come up with the income tax amount before
taking ownership, that would be not be easy to do.
Marsha/Ohio
On May 10, 10:16 pm, Marsha <m...@xeb.net> wrote:
> Jeannie wrote:
> > Marsha <m...@xeb.net> wrote innews:g05f11$r68$1@news.datemas.de:
> >>Does anyone have any idea how much the taxes would be on a $350,000
> >>home? St. Jude has a Dream Home raffle in our area every year and I
> >>would really like to buy a ticket to support them. However, the rules=
> >>state that "the IRS requires that taxes on prizes valued greater than
> >>$5,000 must be paid upon acceptance and before SJCRH may deliver the
> >>prize to the winner. Winners are encouraged to consult a tax
> >>consultant." Not that I snowball's chance in hell of winning, of
> >>course, but you never know :-)
>
> >>Marsha/Ohio
>
> > this might help or send you in the right direction
>
> >http://auditor.cuyahogacounty.us/realprop/calculate.htm
>
> That helps as far as property taxes goes, but I think St. Jude's website
> is referring to income taxes on the value of the house? Maybe I
> misunderstood. If you have to come up with the income tax amount before=
> taking ownership, that would be not be easy to do.
>
> Marsha/Ohio- Hide quoted text -
>
> - Show quoted text -
The taxes have to be paid before delivery, but mortgages are always
approved before delivery of any property. You could easily get a
mortgage for the income tax amount based on the $350K equity in the
home.
Sandi
> Jeannie wrote:
> > Marsha <m...@xeb.net> wrote innews:g05f11$r68$1@news.datemas.de:
> >>Does anyone have any idea how much the taxes would be on a $350,000
> >>home? St. Jude has a Dream Home raffle in our area every year and I
> >>would really like to buy a ticket to support them. However, the rules=
> >>state that "the IRS requires that taxes on prizes valued greater than
> >>$5,000 must be paid upon acceptance and before SJCRH may deliver the
> >>prize to the winner. Winners are encouraged to consult a tax
> >>consultant." Not that I snowball's chance in hell of winning, of
> >>course, but you never know :-)
>
> >>Marsha/Ohio
>
> > this might help or send you in the right direction
>
> >http://auditor.cuyahogacounty.us/realprop/calculate.htm
>
> That helps as far as property taxes goes, but I think St. Jude's website
> is referring to income taxes on the value of the house? Maybe I
> misunderstood. If you have to come up with the income tax amount before=
> taking ownership, that would be not be easy to do.
>
> Marsha/Ohio- Hide quoted text -
>
> - Show quoted text -
The taxes have to be paid before delivery, but mortgages are always
approved before delivery of any property. You could easily get a
mortgage for the income tax amount based on the $350K equity in the
home.
Sandi
Sandi wrote:
>>Marsha <m...@xeb.net> wrote innews:g05f11$r68$1@news.datemas.de:
>>>
>>>>Does anyone have any idea how much the taxes would be on a $350,000
>>>>home? St. Jude has a Dream Home raffle in our area every year and I
>>>>would really like to buy a ticket to support them. However, the rules
>>>>state that "the IRS requires that taxes on prizes valued greater than
>>>>$5,000 must be paid upon acceptance and before SJCRH may deliver the
>>>>prize to the winner. Winners are encouraged to consult a tax
>>>>consultant." Not that I snowball's chance in hell of winning, of
>>>>course, but you never know :-)
>>
>>>>Marsha/Ohio
>
> The taxes have to be paid before delivery, but mortgages are always
> approved before delivery of any property. You could easily get a
> mortgage for the income tax amount based on the $350K equity in the
> home.
>
> Sandi
Thanks for jumping in to help on that, Sandi. That makes buying a
ticket a bit easier. Of course, the plan would be to immediately sell
the house for way below market value, maybe $200,000, if that is
allowed. If I win, can I interest anyone in coming to beautiful
Perrysburg, Ohio to visit? Here's a bit of information about the house:
http://tinyurl.com/5vfon6
Marsha/Ohio
>>Marsha <m...@xeb.net> wrote innews:g05f11$r68$1@news.datemas.de:
>>>
>>>>Does anyone have any idea how much the taxes would be on a $350,000
>>>>home? St. Jude has a Dream Home raffle in our area every year and I
>>>>would really like to buy a ticket to support them. However, the rules
>>>>state that "the IRS requires that taxes on prizes valued greater than
>>>>$5,000 must be paid upon acceptance and before SJCRH may deliver the
>>>>prize to the winner. Winners are encouraged to consult a tax
>>>>consultant." Not that I snowball's chance in hell of winning, of
>>>>course, but you never know :-)
>>
>>>>Marsha/Ohio
>
> The taxes have to be paid before delivery, but mortgages are always
> approved before delivery of any property. You could easily get a
> mortgage for the income tax amount based on the $350K equity in the
> home.
>
> Sandi
Thanks for jumping in to help on that, Sandi. That makes buying a
ticket a bit easier. Of course, the plan would be to immediately sell
the house for way below market value, maybe $200,000, if that is
allowed. If I win, can I interest anyone in coming to beautiful
Perrysburg, Ohio to visit? Here's a bit of information about the house:
http://tinyurl.com/5vfon6
Marsha/Ohio
Maybe you could raffle it off yourself if you won? LOL. As was stated,
it should be easy to get a mortgage for what the taxes were. Problem is
with some homes like that that real estate taxes would be so high you
couldn't afford them even without a mortgage
--
RaeMorrill
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It is my understanding that the $350,00 is considered income so it would be
added to your total income for that year. It would probably throw you into
a higher tax bracket when combined.
"Marsha" <mas@xeb.net> wrote in message news:g05f11$r68$1@news.datemas.de...
> Does anyone have any idea how much the taxes would be on a $350,000 home?
> St. Jude has a Dream Home raffle in our area every year and I would really
> like to buy a ticket to support them. However, the rules state that "the
> IRS requires that taxes on prizes valued greater than $5,000 must be paid
> upon acceptance and before SJCRH may deliver the prize to the winner.
> Winners are encouraged to consult a tax consultant." Not that I
> snowball's chance in hell of winning, of course, but you never know :-)
>
> Marsha/Ohio
>
added to your total income for that year. It would probably throw you into
a higher tax bracket when combined.
"Marsha" <mas@xeb.net> wrote in message news:g05f11$r68$1@news.datemas.de...
> Does anyone have any idea how much the taxes would be on a $350,000 home?
> St. Jude has a Dream Home raffle in our area every year and I would really
> like to buy a ticket to support them. However, the rules state that "the
> IRS requires that taxes on prizes valued greater than $5,000 must be paid
> upon acceptance and before SJCRH may deliver the prize to the winner.
> Winners are encouraged to consult a tax consultant." Not that I
> snowball's chance in hell of winning, of course, but you never know :-)
>
> Marsha/Ohio
>
<< If I win, can I interest anyone in coming to beautiful
Perrysburg, Ohio to visit? >>
Marsha, I always see your sig Marsha/Ohio. Have always wondered where
in Ohio you are. I lived in Swanton for 10 years, and yes Perrysburg is
beautiful in the summer as is Whitehouse and Oak Openings. Nevertheless,
for this Calif raised gal, the winters back there were killers. Probably
the best thing I ever saw was Ohio in my rearview mirror.
Ruth who is now in warm, sunny Tucson, Arizona :-)
--
RMJCMT
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View this thread: http://www.scribera.org/forum/showthread.php?t=6685
Is that where Oak Openings is? I remember going there when I was a little
girl, and I loved it. When I went back to visit my aunt several years ago,
I asked her if we could go to Oak Openings. I thought it was in the Toledo
area. She had no idea what I was talking about...bummer.
Anne
"RMJCMT" <RMJCMT.39d78a@no-mx.forums.yourdomain.com.au> wrote in message
news:RMJCMT.39d78a@no-mx.forums.yourdomain.com.au...
>
> << If I win, can I interest anyone in coming to beautiful
> Perrysburg, Ohio to visit? >>
>
>
> Marsha, I always see your sig Marsha/Ohio. Have always wondered where
> in Ohio you are. I lived in Swanton for 10 years, and yes Perrysburg is
> beautiful in the summer as is Whitehouse and Oak Openings. Nevertheless,
> for this Calif raised gal, the winters back there were killers. Probably
> the best thing I ever saw was Ohio in my rearview mirror.
>
> Ruth who is now in warm, sunny Tucson, Arizona :-)
>
>
> --
> RMJCMT
> ------------------------------------------------------------------------
> RMJCMT's Profile: http://www.scribera.org/forum/member.php?userid=337
> View this thread: http://www.scribera.org/forum/showthread.php?t=6685
>
girl, and I loved it. When I went back to visit my aunt several years ago,
I asked her if we could go to Oak Openings. I thought it was in the Toledo
area. She had no idea what I was talking about...bummer.
Anne
"RMJCMT" <RMJCMT.39d78a@no-mx.forums.yourdomain.com.au> wrote in message
news:RMJCMT.39d78a@no-mx.forums.yourdomain.com.au...
>
> << If I win, can I interest anyone in coming to beautiful
> Perrysburg, Ohio to visit? >>
>
>
> Marsha, I always see your sig Marsha/Ohio. Have always wondered where
> in Ohio you are. I lived in Swanton for 10 years, and yes Perrysburg is
> beautiful in the summer as is Whitehouse and Oak Openings. Nevertheless,
> for this Calif raised gal, the winters back there were killers. Probably
> the best thing I ever saw was Ohio in my rearview mirror.
>
> Ruth who is now in warm, sunny Tucson, Arizona :-)
>
>
> --
> RMJCMT
> ------------------------------------------------------------------------
> RMJCMT's Profile: http://www.scribera.org/forum/member.php?userid=337
> View this thread: http://www.scribera.org/forum/showthread.php?t=6685
>
Anne V. wrote:
> Is that where Oak Openings is? I remember going there when I was a little
> girl, and I loved it. When I went back to visit my aunt several years ago,
> I asked her if we could go to Oak Openings. I thought it was in the Toledo
> area. She had no idea what I was talking about...bummer.
>
> Anne
>
> "RMJCMT" <RMJCMT.39d78a@no-mx.forums.yourdomain.com.au> wrote in message
>>Marsha, I always see your sig Marsha/Ohio. Have always wondered where
>>in Ohio you are. I lived in Swanton for 10 years, and yes Perrysburg is
>>beautiful in the summer as is Whitehouse and Oak Openings. Nevertheless,
>>for this Calif raised gal, the winters back there were killers. Probably
>>the best thing I ever saw was Ohio in my rearview mirror.
>>
>>Ruth who is now in warm, sunny Tucson, Arizona :-)
>>
Hi, Anne. When were you here, without giving your age away, of course
:-) Oak Openings is one of our many Metroparks - it's in Swanton:
http://www.metroparkstoledo.com/metroparks/oakopenings/
Peaceful and beautiful, especially if you spy any of the deer that roam
there. There used to be a stable nearby that rented horses to ride
along the trails.
Marsha/Ohio
> Is that where Oak Openings is? I remember going there when I was a little
> girl, and I loved it. When I went back to visit my aunt several years ago,
> I asked her if we could go to Oak Openings. I thought it was in the Toledo
> area. She had no idea what I was talking about...bummer.
>
> Anne
>
> "RMJCMT" <RMJCMT.39d78a@no-mx.forums.yourdomain.com.au> wrote in message
>>Marsha, I always see your sig Marsha/Ohio. Have always wondered where
>>in Ohio you are. I lived in Swanton for 10 years, and yes Perrysburg is
>>beautiful in the summer as is Whitehouse and Oak Openings. Nevertheless,
>>for this Calif raised gal, the winters back there were killers. Probably
>>the best thing I ever saw was Ohio in my rearview mirror.
>>
>>Ruth who is now in warm, sunny Tucson, Arizona :-)
>>
Hi, Anne. When were you here, without giving your age away, of course
:-) Oak Openings is one of our many Metroparks - it's in Swanton:
http://www.metroparkstoledo.com/metroparks/oakopenings/
Peaceful and beautiful, especially if you spy any of the deer that roam
there. There used to be a stable nearby that rented horses to ride
along the trails.
Marsha/Ohio
Oh wow, it had to have been at least 30-35 years ago. Do they still have
the color-coded trails? I remember my mom showing me the different shapes
of the leaves on the sassafrass trees when we were there, and yes, I
remember the stable. If I ever get back that way again during a human time
of year (somehow it seems like it's always January when I get to Ohio), I'll
have to see if it's still as beautiful as I remember.
Thanks, Marsha!
Anne
"Marsha" <mas@xeb.net> wrote in message news:g0dcvd$c45$2@news.datemas.de...
>
> Hi, Anne. When were you here, without giving your age away, of course :-)
> Oak Openings is one of our many Metroparks - it's in Swanton:
>
> http://www.metroparkstoledo.com/metroparks/oakopenings/
>
> Peaceful and beautiful, especially if you spy any of the deer that roam
> there. There used to be a stable nearby that rented horses to ride along
> the trails.
>
> Marsha/Ohio
>
the color-coded trails? I remember my mom showing me the different shapes
of the leaves on the sassafrass trees when we were there, and yes, I
remember the stable. If I ever get back that way again during a human time
of year (somehow it seems like it's always January when I get to Ohio), I'll
have to see if it's still as beautiful as I remember.
Thanks, Marsha!
Anne
"Marsha" <mas@xeb.net> wrote in message news:g0dcvd$c45$2@news.datemas.de...
>
> Hi, Anne. When were you here, without giving your age away, of course :-)
> Oak Openings is one of our many Metroparks - it's in Swanton:
>
> http://www.metroparkstoledo.com/metroparks/oakopenings/
>
> Peaceful and beautiful, especially if you spy any of the deer that roam
> there. There used to be a stable nearby that rented horses to ride along
> the trails.
>
> Marsha/Ohio
>
Anne V. wrote:
> Oh wow, it had to have been at least 30-35 years ago. Do they still have
> the color-coded trails? I remember my mom showing me the different shapes
> of the leaves on the sassafrass trees when we were there, and yes, I
> remember the stable. If I ever get back that way again during a human time
> of year (somehow it seems like it's always January when I get to Ohio), I'll
> have to see if it's still as beautiful as I remember.
>
> Thanks, Marsha!
>
> Anne
>
If you ever get back here any time of year, let me know, if you'd like.
I would love to meet you for lunch or something.
Marsha/Ohio
> Oh wow, it had to have been at least 30-35 years ago. Do they still have
> the color-coded trails? I remember my mom showing me the different shapes
> of the leaves on the sassafrass trees when we were there, and yes, I
> remember the stable. If I ever get back that way again during a human time
> of year (somehow it seems like it's always January when I get to Ohio), I'll
> have to see if it's still as beautiful as I remember.
>
> Thanks, Marsha!
>
> Anne
>
If you ever get back here any time of year, let me know, if you'd like.
I would love to meet you for lunch or something.
Marsha/Ohio
Most of my extended family lives around the Toledo/Bowling Green area, so
I'm likely to make it back that way sooner or later. I'll let you know if I
do!
Anne
"Marsha" <mas@xeb.net> wrote in message news:g0fv5o$s8t$1@news.datemas.de...
>
> If you ever get back here any time of year, let me know, if you'd like. I
> would love to meet you for lunch or something.
>
> Marsha/Ohio
>
I'm likely to make it back that way sooner or later. I'll let you know if I
do!
Anne
"Marsha" <mas@xeb.net> wrote in message news:g0fv5o$s8t$1@news.datemas.de...
>
> If you ever get back here any time of year, let me know, if you'd like. I
> would love to meet you for lunch or something.
>
> Marsha/Ohio
>
<< I asked her if we could go to Oak Openings. I thought it was in the
Toledo
area. She had no idea what I was talking about...bummer. >>
Yes, Anne, Oak Openings is in the Toledo area. Actually about 10 miles
west of Toledo in the Swanton area. It is beautiful. I used to go there
every now and then on my day off and enjoy. I don't know if it is a
state or county park. I liked it best in the late spring when all the
trees had new, bright green leaves, the ferns were coming up, and the
dogwood trees were in bloom. Didn't go much of anywhere in the winter...
all that snow and ice. Ugh.
--
RMJCMT
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