Basis of Athletic Tickets Sold

Forum|Forum|2 years ago
September 4, 2023
1 reply
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When I can't attend a college athletic event, I often sell the tickets and I'm aware that I will need to report any gain on the sale over the price of the original ticket. My question is whether the seat contribution to get the season tickets in the first place can be added to basis. Hoping you can offer some insight.

Anonymous_

Employee

If you bought the season tickets for personal use (which is apparently the case), then they are capital assets in your hands and any gain on the sale (again, the presumption is you held the tickets for one year or less) would be short-term capital gain.

Selling off one ticket at a time would require some sort of allocation of the total season ticket cost to an individual ticket sale.

brhentschelAuthor

All this makes sense. Still one open question. If I pay $1000 for the season tickets and I pay $800 as a seat contribution (which is non-deductible as a donation), my total cost for personal use is $1800. Is basis $1800 or just $1000 as the price of the season tickets? I can't seem to find an answer to that question anywhere.