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re: Who has schollie seats in the stadium? I have some questions
Posted on 9/3/14 at 11:17 am to allin2010
Posted on 9/3/14 at 11:17 am to allin2010
quote:
TUF is 80% deduct able.
You can deduct 80% of whatever you pay for the "right" to buy the seats. You can not deduct the cost of the tickets.
My professor actually just looked this up in the Internal Revenue Code in class yesterday
1
Posted on 9/3/14 at 11:59 am to Weagle25
Be careful and get stuff in writing, ie. email.
I did the scholarship thing last year and at that time the seats were unknown due to the time of the year and not knowing who would renew or not. I was told that the seats would be no worse than than between the 30's. Tickets came that Fall, and I was on the 10! Didn't have to throw a fit or anything, just made it clear that this wasn't what was promised and I had the email to back it up. Ended up in section 29.
Another piece of advice, if you plan on keeping them forever and would like to pass them to kids when you die, you can't as an individual. But, if your TUF account is in your businesses name, as long as the business is still "alive" tickets can pass to whoever, forever.
I did the scholarship thing last year and at that time the seats were unknown due to the time of the year and not knowing who would renew or not. I was told that the seats would be no worse than than between the 30's. Tickets came that Fall, and I was on the 10! Didn't have to throw a fit or anything, just made it clear that this wasn't what was promised and I had the email to back it up. Ended up in section 29.
Another piece of advice, if you plan on keeping them forever and would like to pass them to kids when you die, you can't as an individual. But, if your TUF account is in your businesses name, as long as the business is still "alive" tickets can pass to whoever, forever.
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