The winner of HGTV's multimillion-dollar Dream Home can expect a hefty tax bill via CNBCMakeIt
div > div.group > p:first-child"> The latest lucky winner of cable network HGTV's Dream Home 2019 contest is Beverly Fulkerson, a former preschool teacher from Osgood, Indiana. Fulkerson recently won a $2.3 million package that includes a newly remodeled and fully furnished home in Whitefish, Montana, along with $250,000 in cash from Rocket Mortgage by Quicken Loans and a 2019 Honda Pilot Elite SUV.
And, that's not even including the additional state income taxes, which Wolters Kluwer senior state income tax writer and analyst Tim Bjur estimates would be a little more than $105,937 in Fulkerson's home state of Indiana. Fulkerson would also likely face local property taxes on her new Montana home of more than $12,600 annually, according to Wolters Kluwer senior state tax writer and analyst Bernita Ferdinand.
If Fulkerson does choose the cash option from the contest, then her haul would be valued at just more than $1 million, including $750,000 in cash, along with the $250,000 from Rocket Mortgage and the Honda SUV.
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