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Reporting baseball game ticket purchase
January 5, 2024
Q. For an alumni event we hosted, we purchased 50 tickets from the New York Yankees that included seats to watch a Yankee game and access to ballpark food until the 5th inning. The NY Yankees is a partnership. Is this 1099 reportable and, if so, is it 1099- MISC or -NEC? If 1099-MISC, which box would it go in?
A.
(Answered by IOFM's third-party tax experts)
Report on Form 1099-NEC, Box 1.
102257
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