I sold each of these items for less than face value, but was not sure exactly where to put the earnings. Also, I assumed that I would put the amount I sold them for, but perhaps that is not the case.
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The following link should help you. Did you receive a 1099 to report the prize on your tax return? If so, that would be your cost. Your income, if you are required to report, would be the actual amount your sold the items for.
The following link should help you. Did you receive a 1099 to report the prize on your tax return? If so, that would be your cost. Your income, if you are required to report, would be the actual amount your sold the items for.
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