OK, the IRS says in Reg Sec. 1.74-1(a)(2) that the "taxable amount is the
prize's current Fair Market (resale) Value (FMV)". This is in Section 1384
of RIA's Federal Tax Handbook for 2005. So, you would be able to use a
competent Appraiser's appraisal for valuation purposes. Be forewarned that
you will probably be audited so you'd better have used a good appraisal.


Trip