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Old 10-24-2003, 01:24 PM
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SPF604 SPF604 is offline
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Join Date: Dec 2001
Location: Murfreesboro, TN
Cobra Make, Engine: SPF, 351W, Wilwoods, 17" PS Eng w/Michelin Pilot Sports, Race Bilsteins
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As many others have indicated, you need to get a professional apprasial and get prepared to pay your Federal Income Taxes, because, Uncle Sam is expecting to receive his share of your new found luck no later than April 15, 2004. As a matter of fact, you may be obligated to send the United States Treasury an estimated tax payment on Form 1040ES no later than January 15, 2004 to compensate for the fact that your income increased in the fourth quarter of 2003 by the market value of your good fortune.

My best advice is to go find a good tax accounant now! Then worry about what you plan to do with the car. By the way, put some miles on it while your CPA sorts out the tax issues to your advantage!
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