FISERV Forum Thread

[ReginaldDwight]

For those who park on the street near the arena there is a proposal to increase the meter hours. Currently it's Monday through Friday 8-6. Saturday and Sunday free. The proposal is to extend it to 9 pm and also include Saturday. I believe most meters are 2 hours so you wouldn't be able to park for a game without risking a ticket (and Mke loves parking ticket revenue).

Businesses are opposed of course but the city's Public Safety Committee unanimously passed the proposal and now it goes to the full city council.

**** that ruins me for Panther games, I always hit the meters near MATC.

[old skool]

I received two 1099s from TM. One for $1200 for Bucks tickets sold for games I could not attend. The other for a $300 refund of a pandemic concert scheduled rescheduled and eventually canceled.

I will just net out "expenses" to zero profit. I am sure that I can document tickets that I "gave away" that were not sold for a profit by my ticket resale empire.

But if you "gave away" them, I don't think they count if you gave them to friends/workers/online message board companions as that would probably be within an arm lengths tranfer and considered personal? If you gave them to charity, I think there are some other restrictions. IDK I think it is really hard to prove this stuff if actually audited.

I'm not serious about the idea of saying that tickets were "given away", but I was trying to make a point. Businesses just need to prove profit/loss with an accurate set of books that track revenue and expense. I don't think that the IRS would accept a claim that I have a ticket business and allow me to deduct 100% of the cost of season tickets against a limited amount of revenue. But if your "business" can legitimately show that you spent more on tickets than you take in as revenue, you should be able to avoid paying taxes.

What if your season tickets cost you an average of $150 each and you "sold" half of those tickets to friends for $10 each (or some other price)? The IRS might not allow you to deduct the difference as a business loss, but they would also be unlikely to make you pay taxes on the revenue while denying your ability to realize the expenses as your cost of generating that revenue. What if a group of 6 people "share" 2 season tickets and the other five reimburse me for their share of the tickets that I pay for up front? Technically, I am selling tickets to friends at an agreed upon price. The IRS would not expect me to report and pay taxes on the monies I collect from friends while ignoring the expense occurred.

Millions of taxpayers pay income tax every year predicated on the financial records they keep. Keep accurate and fair records with income and expenses tracked in consistent and reasonable manner in the event of audit and you should be able to avoid paying income tax unless you are truly generating a profit from a ticket enterprise. For those concerned about the risk of an audit, a tax professional should be able to provide expert guidance for the cost of a 30 minute consultation that would be included for free in a typical tax prep service.

[MartyConlonOnTheRun]

I think the issue is each game is allocated a cost on the invoice from the bucks. My understanding is the IRS will receive the revenue from the ticketmaster sale. If you were audited the record of yours cogs would be the bucks invoice and expenses selling (tm fees). You can't offset with discount to friends cause those are not arms length transactions. Like you said, the risk is low of being audited but if you are audited or want to do your taxes how you are supposed to it I very restrictive on how you can offset losses.

The difference with your scenario with friends is 1. You don't have a 1099. 2. Assuming you charge your friends more it is a net $0 per game. With Selling on TM, it is per game and some games have profits and some have losses but you have to sell both gains/losses on TM (not sell the losses to friends or on facebook/go to the cheaper game) to be able to show net $0. Im ok paying taxes on real gains but the new tax laws would require me to sell losing tickets to offset profit instead of me going to the game that had a face way higher than I would have paid.

[MissKhriddleton]

You guys have any good strategies for finding cheap tickets? I'm talking like Giannis is confirmed out, it's 5 minutes before gametime, I can get these lowers for 50 bucks a piece. I miss the days when you could find people who were desperate to unload their tickets, too easy now.

[MoreTrife]

You guys have any good strategies for finding cheap tickets? I'm talking like Giannis is confirmed out, it's 5 minutes before gametime, I can get these lowers for 50 bucks a piece. I miss the days when you could find people who were desperate to unload their tickets, too easy now.

If you're talking Giannis out, 5 minutes before gametime, you'll be able to find lower level for under $50 for sure. I just did it the other week and just used TicketMaster's website. It takes a bit of an iron will to hold out that long but tickets definitely go down if you wait until the last minute.

[vegaspacker]

I'll be getting 4 tickets for a midweek game in March. Jockey club for sure and maybe BMO. Can I wait it out for those as well? I still expect to pay out for the seats, just not full asking. I've been comparing Seatgeek to Ticketmaster and really don't see much of a difference.

[paulpressey25]

We lost a lot in America when they took away the dudes on the corner waiving a stack of paper tickets to sell. That’s where you learned negotiation skills from watching your father.

[Thunder Muscle]

I received my playoff invoice today. Compared to last year It was up 10% overall, but no major change in first couple rounds. No real complaints as if went to Finals think I could recoup pretty easy what I would paying. My cost would be over half less of what I paid for Game 3 in 2021 off third party site.

[MartyConlonOnTheRun]

I received my playoff invoice today. Compared to last year It was up 10% overall, but no major change in first couple rounds. No real complaints as if went to Finals think I could recoup pretty easy what I would paying. My cost would be over half less of what I paid for Game 3 in 2021 off third party site.

Got an email where it was 50% but when i went to the invoice it was closer to what I expected. No word yet on additional tickets. I assume they are available due to decreased STHs, but then again they may think it is more profitable holding and selling single games.

[Thunder Muscle]

I received my playoff invoice today. Compared to last year It was up 10% overall, but no major change in first couple rounds. No real complaints as if went to Finals think I could recoup pretty easy what I would paying. My cost would be over half less of what I paid for Game 3 in 2021 off third party site.

Got an email where it was 50% but when i went to the invoice it was closer to what I expected. No word yet on additional tickets. I assume they are available due to decreased STHs, but then again they may think it is more profitable holding and selling single games.

Seems to be the latter. I received an email saying can join playoff waitlist with a $50 downpayment so assume extra playoff strips are not being sold to STH, or at least not to my area. I will never too 2019 when basically could pay for my lower level strip with what upper level was selling for. They caught on to that quickly and I get it.

[soxperry]

has anyone been contacted by the bucks to put down the deposit payment? i filled out the form but still have yet to hear from anyone. now they are advertising to the public. tried calling but it goes right to a voicemail.

edit: nvm.. i found the auto withdrawal email. we good.

[skones]

You guys have any good strategies for finding cheap tickets? I'm talking like Giannis is confirmed out, it's 5 minutes before gametime, I can get these lowers for 50 bucks a piece. I miss the days when you could find people who were desperate to unload their tickets, too easy now.

Buy the cheapest ticket you can find to get in the building, then sit on seat geek or whatever and watch prices absolutely plummet as you move into the first quarter. For the Bulls closeout playoff game my buddy and I managed to go from the bleeds (he had season tickets so they were free for me) to 5th row behind the bulls bench free throw line extended for 80 bucks.

[Thunder Muscle]

Does anybody here have season lower level baseline seats in like the 10-20 row range? If so, what is the cost and how hard is it to get your cost back when selling non marquee games? I have been in my same seat since Fiserv opened but I mostly bunch games together and end up in like Sec 101 in the Row 7-21 range. Part of me is like maybe just upgrade my seats but feel like thats just another added chance to lose my ass too. I generally do okay selling my upper seats and next year they’re actually dropping.

[MartyConlonOnTheRun]

Does anybody here have season lower level baseline seats in like the 10-20 row range? If so, what is the cost and how hard is it to get your cost back when selling non marquee games? I have been in my same seat since Fiserv opened but I mostly bunch games together and end up in like Sec 101 in the Row 7-21 range. Part of me is like maybe just upgrade my seats but feel like thats just another added chance to lose my ass too. I generally do okay selling my upper seats and next year they’re actually dropping.

I'm in 102 row 11. I think the slight angle helps. $3600. Idk I think resell market will be bad regardless next year. We lose in the second and the fans don't care as much. We win it all and fans will save money for the playoffs as Giannis sits a lot in the regular season. Definitely first world problems of being in the X year of a contender. The novelty isn't there.

[vegaspacker]

You guys have any good strategies for finding cheap tickets? I'm talking like Giannis is confirmed out, it's 5 minutes before gametime, I can get these lowers for 50 bucks a piece. I miss the days when you could find people who were desperate to unload their tickets, too easy now.

Buy the cheapest ticket you can find to get in the building, then sit on seat geek or whatever and watch prices absolutely plummet as you move into the first quarter. For the Bulls closeout playoff game my buddy and I managed to go from the bleeds (he had season tickets so they were free for me) to 5th row behind the bulls bench free throw line extended for 80 bucks.

Great tip thanks, might try this on Wednesday.



Edit... I am celebrating my birthday on the 22nd. I snagged some decent BMO level tickets, and I just wanted to relax that night. But, I will check the options when I get there and keep an eye on that and report back.

[Thunder Muscle]

Does anybody here have season lower level baseline seats in like the 10-20 row range? If so, what is the cost and how hard is it to get your cost back when selling non marquee games? I have been in my same seat since Fiserv opened but I mostly bunch games together and end up in like Sec 101 in the Row 7-21 range. Part of me is like maybe just upgrade my seats but feel like thats just another added chance to lose my ass too. I generally do okay selling my upper seats and next year they’re actually dropping.

I'm in 102 row 11. I think the slight angle helps. $3600. Idk I think resell market will be bad regardless next year. We lose in the second and the fans don't care as much. We win it all and fans will save money for the playoffs as Giannis sits a lot in the regular season. Definitely first world problems of being in the X year of a contender. The novelty isn't there.

I assume that is 3600 per seat so a pair would be 7200 for full season? 102/11 are nice seats though. I was thinking if can get in lower level for around $60/ticket, maybe worth not using the exchange as much as feel lower level may sell better IF its not an astronomical price difference.

I did better this year than last with games I needed to sell but yeah the new arena factor is long gone, there will be some waiting until playoffs crowd and/or disinterest if lose playoffs and have an uneventful offseason. Smart play is probably just staying put and then assessing it all once Giannis future decided.

[soxperry]

I called to inquire about extra playoff strips today. its still a maybe but he said it doesn't sound like its happening. apparently inventory is low because they offered half strips to half season members.

[MickeyDavis]

I'm trying to do some advance first round planning. The playoffs start Saturday the 15th. 4 games that day, 4 games on Sunday the 16th. If we are the #1 seed I'm assuming we would play game 1 on Sunday. The 8th seed isn't decided until Friday night. They wouldn't make that team turn around and play #1 the next night. So both 1/8 games will be Sunday. The 7 seeds are determined on Tuesday so I imagine the 2/7 matchups will be Saturday. After that who knows. But I'm tentatively planning on going to game 1 Sunday the 15th.

[MVP2110]

I'm trying to do some advance first round planning. The playoffs start Saturday the 15th. 4 games that day, 4 games on Sunday the 16th. If we are the #1 seed I'm assuming we would play game 1 on Sunday. The 8th seed isn't decided until Friday night. They wouldn't make that team turn around and play #1 the next night. So both 1/8 games will be Sunday. The 7 seeds are determined on Tuesday so I imagine the 2/7 matchups will be Saturday. After that who knows. But I'm tentatively planning on going to game 1 Sunday the 15th.

I see the Finals schedule is out if we were to make it

Thursday June 1
Sunday June 4
Wednesday June 7
Friday June 9
Monday June 12
Thursday June 15
Sunday June 18(also Father's day)

[MartyConlonOnTheRun]

I called to inquire about extra playoff strips today. its still a maybe but he said it doesn't sound like its happening. apparently inventory is low because they offered half strips to half season members.

Wouldn't be shocked they aren't giving out extra this year but seems like a weak excuse and doesn't makes sense math wise. They aren't sold out for STH and giving half playoff strips to half season members does not make a full arena if you aren't sold out to begin with.

I think they just shifted to single game and group sales and coming up with an excuse. They already sent out multiple emails to the general public asking for deposits on playoff tickets. They shouldn't be collecting deposits if there are not tickets available.