Solved
My income for the last few years is $12,382.80 I have file taxs in years 'm 84 years old , I won a car last year do I need to pay the tax on that as income ,
can I spread the tax over a period of years .
Unfortunately, the income is reportable in year that won the car. You should have received a 1099-MISC reporting the car's FMV in box 3.
Note: Make certain that the FMV is recorded in Box 3 and not the sticker price of the car. You only want to pay taxes on the FMV of the car.
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