RP-2019-18: Safe harbor for trades of player and staff-member contracts and draft picks

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April 11, 2019

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Issue Number: RP-2019-18

Inside This Issue

Revenue Procedure 2019-18 provides a safe harbor for a professional sports team to treat certain player and staff-member contracts and draft picks as having a zero value for determining gain or loss to be recognized for federal income tax purposes on the trade of player and staff-member contracts or draft picks.

Revenue Procedure 2019-18 will be in 2019-18, dated 4/29/2019.

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