Solved: So say I have $30,000 in tickets purchased in 2016 but so...

josephdibiaggio · Jun 5, 2019 5:27:03 PM

<P>The tickets were bought in 2016, but they were not sold until 2017 which is when I was paid for the sale as well. How should the expense of the tickets be reported on my return? Should the tickets be inventory? I just want to make sure I account for the money I spent on the tickets as it adds up to almost $30,000. Any help is appreciated?</P>

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I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

Ok thank you

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

So say I have $30,000 in tickets purchased in 2016 but sold in 2017..And I have $50,000 in tickets that were purchased in 2016 and sold in 2016..would my purchases be $80,000, Inventory $30,000, and this would make my cost of goods sold $50,000? I just need to know if the $30,000 should be included in the purchases

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

Yes, include the $30,000 in Purchases.

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I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

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I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

I purchased event tickets to resell in 2016. Most sales were done in 2016, but some of the tickets did not sell until 2017. How should I report the sales/expenses?

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