I have a set of four 22" Black Turbine wheels, including performance tires and installation for sale. I won these through the referral program. They will be delivered to Los Angeles area Tesla Service Center. You can either pick them up, or have them installed at pick up location. Will consider shipping, but prefer to have you pick them up. I do have a shipper I have used in the past that I can get a quote from if you want them shipped. Will consider all reasonable offers. This is the Model X 22" Turbine Wheel and Pirelli Scorpion Tire Package that Tesla sells for $6800 USD. You can contact me at [email protected].
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For Sale Model X 22" Black Turbine Wheel and Pirelli Scorpion Tires
- Thread starter Tamago
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- Accessories Marketplace Parts
baymaX
Member
Sandiegodoug
Active Member
A silly question, but if you win a set do you have to report 6800 on your taxes?
(I've given my code out but no one used yet)
(I've given my code out but no one used yet)
Peteybabes
redneck drivin' a tesla...
it is considered a gift...i don't think $6800 is worth it anyway, crazy expensive.
HankLloydRight
No Roads
It's not a "gift", it's treated as any award or prize and is taxable as ordinary income. Tesla may or may not send you a 1099, but it's still up to you to claim the awards as income.
Optionally, you can report whatever you determine as "fair market value" of the prize, but you need to back it up with something.
I am not an attorney or tax account, YMMV.
I'm not sure, because i've been referring people for a while, over 30 referral so far, and because the prizes are delivered in such a random way, I've lost track of which prize is coming for which contest dates, but probably somewhere between 5 and 10 referrals.
HankLloydRight
No Roads
Why? If Tesla does send out 1099s and values these wheels+tires at $6800, and you're in the 25% tax bracket, you could be paying $1,700 in taxes. That's a chunk of change, for sure. Even if your effective tax rate is 20%, that's about $1,400 in additional taxes.
And say you sell the set for $5000 (about the going rate), that means you only profit about $3,500 after tax. And then technically you're supposed to report the funds from the sale as income also! (but you might be able to deduct the value of the rims, but I'm not a tax accountant).
HankLloydRight
No Roads
Yeah if Telsa doesn't send me a 1099 I might miss this off my taxes
As someone else noted, in order to send out 1099s, they'd also have to ask us to fill out W-9s. Which we haven't seen yet.
Insureit1
Member
"And say you sell the set for $5000 (about the going rate)"
Going rate is about $3500 for a set like this. I bought a set a month ago for $3500 brand new, and never mounted. Perfect condition. I was watching four ebay auctions and all about the same price. My avatar shows the wheels and tires the day I installed them.
Going rate is about $3500 for a set like this. I bought a set a month ago for $3500 brand new, and never mounted. Perfect condition. I was watching four ebay auctions and all about the same price. My avatar shows the wheels and tires the day I installed them.
HankLloydRight
No Roads
Well yeah, ebay is going to track significantly less than average. Not everyone wants to buy or sell on ebay, as it attracts, well, let's say a different kind of market. I also said "about the going rate".
Peteybabes
redneck drivin' a tesla...
Peteybabes
redneck drivin' a tesla...
go to the "Tesla Parts Buy Sell Trade" Public Group on Facebook...prepare to be amazed at the great deals!
go to the "Tesla Parts Buy Sell Trade" Public Group on Facebook...prepare to be amazed at the great deals!
I don't have a fb
go to the "Tesla Parts Buy Sell Trade" Public Group on Facebook...prepare to be amazed at the great deals!
Am I missing something?
The 22” Model x wheels yes there is a set of rims only for $2,600
Arachnids lowest offering is $4,500 with another at $5k and one at $5,500.
21” turbine $2,500 with tires or $1,700 wheels only
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