Fan wh returned Jeter ball may end up owing IRS money


Remember that Yankee fan who caught Derek Jeter's historic home run ball this past weekend. He could have kept the ball and sold it to a collector for hundreds of thousands of dollars.

Instead, Christian Lopez gave the ball to Jeter and in return may get hit with a hefty tax bill from IRS.

The grateful Yankees showered Lopez with gifts including four box seats in the president's box at Yankee Stadium for the rest of the regular season and the post season, three bats, three balls and two jerseys all signed by Jeter.

The seats and the memorabilia were valued in some estimates at $50,000. That might cost the recent college grad, who has $150,000 in outstanding student loans and works at Verizon Wireless. According to tax experts, that amount could result in a $14,000 check to the IRS.

Now if he was a corporate executive he could declare the stuff a business expense and IRS would likely give him back money.

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