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Has a Winner been selected for the HGTV Smart Home 2021?
Meet the lucky winner of HGTV Smart Home 2021 in Naples, FL. Congratulations to Becky Dolan of Seattle, WA; she is the winner of the HGTV® Smart Home 2021 sweepstakes, a grand prize package valued at over $1.1 million dollars.
Where is the HGTV Smart Home for 2022?
Wilmington, North Carolina
See every stunning space from HGTV Smart Home 2022, a grand waterside escape packed with high-tech design and located in Wilmington, North Carolina.
What neighborhood is the 2021 HGTV Smart home in?
See every stunning space from HGTV Smart Home 2021, a grand escape packed with high-tech design and located in Naples, Florida.
How many people enter the HGTV Smart Home 2021?
The home was constructed by local builder Mayor Construction with interior design by Tiffany Brooks. Dolan was randomly drawn from over 106 million entries to the sweepstakes, which lasted from April 21, 2021 to June 11, 2021 and garnered the highest number of entries in HGTV Smart Home history.
Can you sell the HGTV house if you win?
If the winner chooses this option, they receive the associated prizes like the vehicles, cash, and furnishings, but HGTV retains the rights to the house. Usually, they sell the home to a private bidder.
Do most HGTV Dream Home Winners sell the house?
Given the seriously steep price tag on the HGTV dream homes — and the equally pricy tax bill that comes along with winning one — it likely comes as no surprise that most winners opt to sell the house after winning.
Can you sell HGTV dream home after winning?
What is the cash option for the 2022 HGTV Dream Home?
In lieu of taking title to the HGTV Dream Home 2022 (and the contents of the HGTV Dream Home 2022), the Grand Prize Winner will have the option of receiving $750,000 in cash (the “Cash Option”).
Does the HGTV Smart Home come furnished?
family of brands, today unveiled the newly built HGTV® Smart Home 2022 in Wilmington, NC. The winner will receive the fully furnished home, a 2021 Mercedes-Benz GLC 300 and $100,000 from LendingTree, a prize package valued at over $1.2 million.
How much taxes do you have to pay if you win the HGTV Dream Home?
A: They will still owe the $950,000 income tax (federal and state) on the ARV. If they sold the DH for $1,900,000, then there would be no additional tax. Anything they sell the DH for over $1,900,000 (after selling costs) will be taxed as a short term capital gain at 35% federal and 8.25% state.
Do you have to pay taxes on HGTV Dream Home?
If you’re lucky enough to win an HGTV Dream Home, you’ll be responsible for federal income taxes on the value of the property or improvements, plus state income tax, depending on your state of residence.
Can you take cash instead of HGTV Dream Home?
The Vehicle Credit expires on December 31, 2022. In lieu of taking title to the HGTV Dream Home 2022 (and the contents of the HGTV Dream Home 2022), the Grand Prize Winner will have the option of receiving $750,000 in cash (the “Cash Option”).
Has anyone ever kept the HGTV Dream Home?
And, it seems the winners don’t even get to enjoy their dream digs for very long. Country Living reported that by 2018, with over 20 HGTV Dream Home winners crowned, only 28% of the winners actually lived in the home for over a year.
Can you sell the HGTV Dream Home if you win it?
Can you sell the HGTV dream house if you win?
Does anyone keep the HGTV Dream Home?
Is there a cash option for the HGTV Dream Home?
Can winners sell HGTV Dream Home?
The winner that held on longer than anyone else Given the seriously steep price tag on the HGTV dream homes — and the equally pricy tax bill that comes along with winning one — it likely comes as no surprise that most winners opt to sell the house after winning.
How much do you pay in taxes if you win the HGTV Dream Home?
What is the cash option for the 2021 HGTV Dream Home?