I won a 8 day, 7 day heliski trip with Chugach Powder Guides plus airfare for me and one other person. It's 100k vertical, 80k guaranteed. HOWEVER, I'm wrapping my head around the tax implications right now and could use some advice on whether the trip is worth it.
They can't tally the total cost of the trip until I've actually taken it, but they've told in the retail price of the trip is probably going to end up in the $20k range. If I go by myself, that's probably closer to $12k.
I haven't talked over with a tax specialist, but in my income bracket, I'll have to pay about 35% on the value of the trip. So if I go by myself, I will owe tax man $4k, and if I go with a friend, I'll owe around $7k (and have a friend reimburse me). I won't have to pay these until April 2014.
I was thinking of toning the trip down to say a weekend trip to lower the cost, but Chugach informed me they only have a 50% fly rate, so in that case there's a strong possibility that I don't heli at all in that case and am still on the hook for a fair bit of money.
I'm just starting my professional career, so $3-4k is not an insignificant amount of change. I can scrimp and save to make it work, however I still wouldn't take the trip unless it really was just an unreal, once-in-a-lifetime deal at that price.
What could I reasonably except to have to pay if I say decided to take a 2-3 day heli trip later on down the road? If I could do that semi-affordably when I'm in a more comfortable financial state, I'd be comfortable passing up on the trip itself and just using the tickets they gave me to visit some friends in other parts of the country.