I received a 1099-MISC for some concert tickets that I won from a radio station. The amount of $932.83 was much more than I expected it to be for two general admission floor tickets. I've done some investigation and it appears that the reason the tickets were so expensive is because the radio station bought them second hand from someone who resold them through Ticketmaster. I've asked the radio station for supporting documentation on the tickets and here's the breakdown:
Tickets: $378 x 2
Order processing fee: $2.95
Servicing fee: $86.94 x 2
I'd like to see if I can get the radio station to lower the amount reported on the 1099. My question is, what amount does the radio station have to report on the 1099? I can still go to the concert venue's website and see that the initial cost of each ticket for that concert was only $129.50. It seems to me that I should only have to report the "value" of the tickets, not the inflated price that the radio station chose to pay. I'm also wondering whether the fees the station had to pay should be included.
Any help would be greatly appreciated.
