Fermion
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I was reading an article on the (million, multi-million) dollar treasure that was buried recently by an eccentric millionaire somewhere in the Rockies.
So, if someone finds that, how are taxes handled? Is it technically a gift from the millionaire and he would owe gift taxes? Does it fall under some contest tax rules or abandoned property rules?
Just something I thought about that probably didn't cross the minds of 99.991% of the people reading the article.
So, if someone finds that, how are taxes handled? Is it technically a gift from the millionaire and he would owe gift taxes? Does it fall under some contest tax rules or abandoned property rules?
Just something I thought about that probably didn't cross the minds of 99.991% of the people reading the article.