On Sun, 27 Nov 2005 16:59:41 GMT, B A R R Y
wrote:

On Sun, 27 Nov 2005 16:50:05 GMT, Jon Kraus
wrote:

Does anyone know if there would be tax consequences for the lucky winner
of the AOPA Commander 112.

It would depend on your Federal bracket, and your state and local
obligations, applied to the market value of the prize.

Back when rec.aviation participant Margaret Puckette won the AOPA Archer, AOPA
did do some work to lower the valuation of the aircraft, so she didn't have to
pay taxes on the full retail value. However, she was still stuck with a ~$35K
tax bill.

Ron Wanttaja