Hello all. I hope I'm posting this in the right place! Last summer, I won a grill online, and the ARV is $7,899.00. I received the 1099 in the mail today, and when I entered it onto my 1040, it realllllllly lowered the amount of our refund (by $1,200). Is there any way to get around this? This is a beautiful grill, but a) I sold it, and b) it's not even manufactured anymore. Is there a way to get the ARV lowered? I read online that if you can get proof that the grill isn't worth that much, then you can fill out an extra form for the IRS, but what constitutes as "proof" of this grill's worth?

#1;I don’t think so UNLESS you get a corrected 1099 for the new ARV; it's taxable income so you need to report it on the "other income" line of your tax return. It will be taxed at whatever your rate is for that year - depends on your other income.

#2;I guess you need some professional help from the giver or an appraiser hired by the giver perhaps.

#3;I guesss aslongas the giver of the grill may lower the ARV of the grill and then you need a corrected 1099 to be issued fo r the new lowered ARV and and the give needs to send a copy of 1099 /1096 to the IRS