James recently won a ceramic dalmatian valued at $800 on a television game show.

James recently won a ceramic dalmatian valued at $800 on a television game show. He questions whether this prize is taxable because he thinks that it was a “gift” he won on the show.- Use the Checkpoint Edge tax research service to determine if James is correct.You can go to the CSUS library website (library.csus.edu), click ‘Research & Collections’ – ‘Start your research’ – ‘Databases’, and find the Checkpoint Edge under the ‘C’ section. Enter the keywords and once the results come up, select the ‘Federal Tax Handbook (RIA)’ in the Editorial Materials on the left side. Use the results found in the Federal Tax Handbook to locate the applicable Internal Revenue Code section. When you write your answer, please cite the applicable Internal Revenue Code section. Also, include a screenshot of the Checkpoint Edge page you used to write your answer.
Requirements: 10

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