We need to clarify some thing here:
- I'm not clear on whether the $800 cost is a one-time cost or an annual cost.
- Regardless of the answer to bullet number 1, this cost / fee is no longer tax-deductible post TCJA; it used to be 80/20, but now 0 (zero).
- As a result, this increases the basis of the cost of the tickets. There is no charitable contribution component tied to this fee.
- So, if the $800 is an annual fee, then I believe your basis in the ticket package is $1,800.
- If the $800 is not an annual fee, then the allocation becomes complicated; and at this point I would only use the $1,000 in determining your ticket allocation.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
