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From: gordon@cae780.UUCP (Brian Gordon)
Newsgroups: net.taxes
Subject: Re: Are Symphony and Opera tickets deductible?
Message-ID: <1925@cae780.UUCP>
Date: Tue, 4-Mar-86 11:49:12 EST
Article-I.D.: cae780.1925
Posted: Tue Mar  4 11:49:12 1986
Date-Received: Thu, 6-Mar-86 03:08:24 EST
References: <249@atlas1.UUCP>
Reply-To: gordon@cae780.UUCP (Brian Gordon)
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Organization: Tektronix Inc. (CAE Systems Division), Santa Clara, CA
Lines: 20

In article <249@atlas1.UUCP> boozer@atlas1.UUCP (Glenn Boozer) writes:
>I had a grand time at many Symphonies and Operas last year.
>What part, if any, of the ticket price is tax deductible?

In general, the same proportion as movie or boxing tickets -- zilch.  If,
however, the tickets were part of a fundraising for a non-profit
organization (such as the symphony or opera), then the excess over the
fair market value is a tax deductable contribition.  Thus, if you pay the
"normal" say $35 for a ticket, that has no tax implications.  But is you
pay $100 for the same ticket at a fund-raising "gala", you have made a
$65 cash contribution.

Disclaimer: taxpayer, not tax lawyer or tax accountant speaking ...

FROM:   Brian G. Gordon, CAE Systems Division of Tektronix, Inc.
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