iamtarat
Made It and Played It 
Posts: 40 
Airdate: 11/24/16
Winnings: $1,000
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Post by iamtarat on Jan 10, 2017 18:40:35 GMT -5
Hi! For all those who have played was the estimated time for receiving your check accurate? Granted I am not receiving much Lola but. Im in the process of doing taxes and normally I finish pretty early in thecyear. Mine is due march 24 so Im not sure if I should wait or file first. Im a bit of an idiot when it comes to filing so pardon my confusion! Thanks everyone happy new year!!!
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WooWho
Made It and Played It Producer 
Panel Quizmaster
"They better NOT be booing me!"
Posts: 2,537 
Airdate: 04/28/2014
Winnings: $41,400
SPIN ID: JW1336114
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Post by WooWho on Jan 11, 2017 10:02:05 GMT -5
The 120 day time period they quoted you is pretty accurate. My check arrived pretty dead-on Day 120 after the airdate.
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mad2500
Made It and Played It
Posts: 103
Airdate: 05/19/17
Winnings: $5,500
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Post by mad2500 on Jan 11, 2017 10:44:16 GMT -5
I would think that if you are receiving the check in 2017 then you can file it on your taxes next year. Not an expert, just my opinion. I know you won it in 2016, but you're not receiving the money until 2017 so I think that would be okay.
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pictroy
Made It and Played It
Won Hole-in-one on TPIR, Choked in the showcase-1993
Posts: 86
Airdate: 12/27/16
Winnings: $11,300
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Post by pictroy on Jan 11, 2017 15:51:12 GMT -5
I received my Beef Bucks a week after airing...haven't gotten anything else yet. You won't have to pay taxes on anything you didn't receive in 2016. It will show up on next year's taxes. I am planning on putting anything I get back this year towards next year's taxes to help cover.
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WooWho
Made It and Played It Producer
Panel Quizmaster
"They better NOT be booing me!"
Posts: 2,537
Airdate: 04/28/2014
Winnings: $41,400
SPIN ID: JW1336114
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Post by WooWho on Jan 12, 2017 0:57:38 GMT -5
I would think that if you are receiving the check in 2017 then you can file it on your taxes next year. Not an expert, just my opinion. I know you won it in 2016, but you're not receiving the money until 2017 so I think that would be okay. I'm reasonably sure this is correct, and I speak from personal experience. You're taxed on your winnings in the year you actually receive them. Case in point: I was on The Price is Right back in January 2010, but the show taped in November of '09. My winnings counted towards my taxable income for fiscal year 2010, since that's when I actually got them. |
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