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Is a Baseball Fan’s Love Taxable?

July 13, 2011 | by Einhorn Barbarito

Christian Lopez not only caught Derek Jeter’s 3,000 hit, but immediately handed the baseball over to Jeter – a baseball which some have estimated to be worth $200,000. In recognition of Lopez’s actions, the Yankees then provided him with four Champion Suite tickets for the rest of the season, three bats, three balls and two jerseys, all signed by Jeter – an estimated value of at least $50,000.

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