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What will you do with your season ticket money?
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doss2 Offline
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Post: #1
What will you do with your season ticket money?
You can:

1. Donate Contribution and ticket/parking cost.
2. Donate Contribution but rollover to 2021 the ticket/parking cost.
3. Rollover all to 2021.
4. Get all money refunded.

UC really will need the money so if you can swing it.

For tax reasons I will take the refund and then contribute the same amount from a different vehicle.

Normally, when you take a distribution from a traditional IRA, you pay taxes on it since you didn’t pay taxes on the money when you put it into your IRA. But if you are age 70½ or older and make a contribution directly from your traditional IRA to a qualified charity, you can donate up to $100,000 without it being considered a taxable distribution. This can be done now because it is no tied to getting seats.
 
(This post was last modified: 08-25-2020 07:35 AM by doss2.)
08-25-2020 07:07 AM
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bww Offline
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Post: #2
RE: What will you do with your season ticket money?
I'll donate the contribution, but rollover the tickets
 
08-25-2020 07:25 AM
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RedRocker Offline
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Post: #3
RE: What will you do with your season ticket money?
(08-25-2020 07:07 AM)doss2 Wrote:  You can:

1. Donate Contribution and ticket/parking cost.
2. Donate Contribution but rollover to 2021 the ticket/parking cost.
3. Rollover all to 2021.
4. Get all money refunded.

UC really will need the money so if you can swing it.

For tax reasons I will take the refund and then contribute the same amount from a different vehicle.

Normally, when you take a distribution from a traditional IRA, you pay taxes on it since you didn’t pay taxes on the money when you put it into your IRA. But if you are age 70½ or older and make a contribution directly from your traditional IRA to a qualified charity, you can donate up to $100,000 without it being considered a taxable distribution. This can be done now because it is no tied to getting seats.
You forgot your disclaimer on tax advice.....

I’ll roll it over.
 
08-26-2020 08:11 PM
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Racinejake Offline
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Post: #4
MyBB RE: What will you do with your season ticket money?
Option #1
 
08-26-2020 09:02 PM
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AZBCAT Offline
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Post: #5
RE: What will you do with your season ticket money?
Option #1
 
08-26-2020 10:39 PM
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iBinturong Offline
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Post: #6
RE: What will you do with your season ticket money?
All of it getting donated this year. Option #1
 
08-26-2020 10:46 PM
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Dannyboy Offline
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Post: #7
RE: What will you do with your season ticket money?
5. Spend it on beer.
 
08-27-2020 05:49 AM
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TubaCat Offline
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Post: #8
RE: What will you do with your season ticket money?
Rolling it over to next season. The money I save on food and beer and parking, however, will go to getting a home bar.
 
08-27-2020 10:14 AM
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cpawstoney Offline
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Post: #9
RE: What will you do with your season ticket money?
(08-26-2020 10:46 PM)iBinturong Wrote:  All of it getting donated this year. Option #1

Same here. Donated it yesterday. If my little help keeps Fickell and team here I'm all for it.
 
08-27-2020 12:56 PM
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Bearcatdh58 Offline
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Post: #10
RE: What will you do with your season ticket money?
Donate

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08-28-2020 04:25 PM
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Bearcatdh58 Offline
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RE: What will you do with your season ticket money?
And match my donation with personal beer purchase.

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08-28-2020 04:26 PM
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rtaylor Offline
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Post: #12
RE: What will you do with your season ticket money?
Donate it to Doss so he can get his Vespa scooter back up and running to deliver the papers.
 
08-28-2020 04:42 PM
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Cataclysmo Offline
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Post: #13
RE: What will you do with your season ticket money?
(08-28-2020 04:42 PM)rtaylor Wrote:  Donate it to Doss so he can get his Vespa scooter back up and running to deliver the papers.
Doss showing up to Nippert for the opener:

[Image: b801d7e7a4f904077f3aaeebee8e61c2.jpg]

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08-28-2020 05:28 PM
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