PSL (Personal Seat License) and Season Ticket Cost Basis

[tlaket]

This is really an IRS question but I'm sure there are others here who have the same question. Like thousands of other people, I had to purchase a PSL (Personal Seat License) in order to purchase season tickets for an NFL team. I purchased the PSL four years ago and I purchase season tickets every year. This year I sold some individual game tickets for more than the ticket's face value and I expect to receive a 1099-K form. The thing is, I certainly didn't make a profit selling these tickets when I consider how much I had to pay for the PSL (which is necessary in order to purchase my season tickets). So how do I take the cost of the PSL into account when determining whether or not I actually had a capital gain selling individual game tickets?

[NCperson]

@tlaket - this is my humble opinion and that only.

there are two assets discussed here: 

1) the right to buy tickets

2) the tickets themselves

when you sold some of the tickets, you were only selling asset #2 - you didn't sell any part of asset #1.  Therefore the cost basis of what was sold is solely what you paid for the tickets

You still own 100% of the PSL. 

[Mike9241]

@tlaket Most seat licenses are valid for as long as the team plays in the current venue.  therefore the number of games it is good for is indefinite.  there there can be none of its cost assigned to the tickets you sold.