Won a Kia Rio, so I am told

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

A KIA Rio 4DR LX will be mine on Tuesday, 11 January.
It has manual transmission, manual windows and air conditioning.
It is Black with Gray interior
Delivered Price $13,900.00

KIA claims I must take possession to complete their “drawing” give-away.
...

This NEW Rio is listed on The Yard Sale.

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

This NEW Rio is listed on The Yard Sale.

Tomorrow I'm picking up the Rio that I won.

It is Black with Dark Gray interior
Manual transmission, manual windows, CD player and air conditioning.

Including freight and handling, the Window Sticker total MSRP = $14585.

Anyone desire a brand new Kia Rio, refer to THE YARD SALE.

[riverdees05 Platinum Contributor Find all posts View Profile Close riverdees05]

I used to be able to drive a manual transmission - guess it is like riding a bike, once you know how, you don't forget. Congrat's.

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

Tomorrow I'm picking up the Rio that I won.

It is Black with Dark Gray interior
Manual transmission, manual windows, CD player and air conditioning.

Including freight and handling, the Window Sticker total MSRP = $14585.

Anyone desire a brand new Kia Rio, refer to THE YARD SALE.

Thanks for all the Congrats.

Tried to go twice, without the clutch.

I'm a learnin' (again), but I got her home.

A neighbor has given a $11,950 offer. I'm inclined to accept.

[joycapecod Silver Contributor Find all posts View Profile Close joycapecod]

You will pay tax on the amount on the 1099-MISC. It is added to your income and taxes as such.

The offer from the neighbor sound like a good, fair offer and as long as he is also paying to retitle and license the vehicle, if it were my car I would accept the offer.

You don't want this car; you wanted a different car and this will give you the funds to set aside the $ for taxes next January and still have a nice down payment on the car you wanted.

JMHO,

Joy

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

This NEW Rio is listed on The Yard Sale.

I've greatly reduced the price.

[chellej Senior Member Find all posts View Profile Close chellej]

I've got 4 timeshares I'll give you for it

[CarolF Senior Member Find all posts View Profile Close CarolF]

Anyone desire a brand new Kia Rio, refer to THE YARD SALE.

Don't suppose it's a right hand drive? .

It's just what I'm after - a low purchase price, low cost to run, zippy, little, easy to park car. Ticks all the boxes.

Wish I lived close by.

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

Don't suppose it's a right hand drive? .

It's just what I'm after - a low purchase price, low cost to run, zippy, little, easy to park car. Ticks all the boxes.

Wish I lived close by.

Here, the roads are laid out to where this left hand wheel can be driven on the right lane of the highway. To drive it in the left lane would be hazardous to many.

My Rio is 5-speed stick shift. Is that any problem?

You might wish to live here.

When we come visit, I'll let you do the driving.

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

I've got 4 timeshares I'll give you for it

We have too many TSs as well as automobiles. Thanks though.

[CarolF Senior Member Find all posts View Profile Close CarolF]

My Rio is 5-speed stick shift. Is that any problem?

None whatsoever, I own 2 manual cars and actually prefer them, so much more fun to drive through the hills around here. More economical too.

When we come visit, I'll let you do the driving.

You're on. Come on down.

[RESORT2ME Senior Member Find all posts View Profile Close RESORT2ME]

You will pay tax on the amount on the 1099-MISC. It is added to your income and taxes as such.
...
You don't want this car; you wanted a different car and this will give you the funds to set aside the $ for taxes next January and still have a nice down payment on the car you wanted.

JMHO,

Joy

The NEW (66 miles) Rio sold for $9000.
I finally (yesterday) received a 1099-MISC listing $13900 in block 7 (Nonemployee compansation).

Can anyone point me to instructions which says I am justified in paying taxes on the $9000?
I wish to write the rest off as a loss, but haven't found the instructions for doing such.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I have to say this car gets unreal gas mileage. I have a rental for the last 3 weeks, I started on a half tank, I am now on just below a quarter tank after 3 weeks. I would normally have to fill up my wifes car after 2 maybe sometimes 3 weeks, My car I used a quarter tank in just one day doing city driving.