Returned Ball From Jeter’s 3K Hit Could Cost Fan Up To $13K
The taxman isn’t being so generous with Lopez.
To reward Lopez for returning the ball, the Yankees gave him a luxury suite at Yankee Stadium for the rest of the season, as well as signed memorabilia. The gifts are valued at about $32,000, and tax experts expect the IRS to classify that as income, and charge Lopez between $5,000 and $13,000 if he accepts.
“Worse comes to worse, I’ll have to pay the taxes,” Lopez told the New York Daily News on Monday. “I’m not going to return the seats. I have a lot of family and friends who will help me out if need be.”
The Yankees or Jeter could also pay the taxes for him, which would probably be the happy ending this feel-good story deserves.
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