Is selling season tickets a form of self-employment income? A tax expert told me it was, and I'm trying to enter the cash receipts and cost of the tickets in Schedule C.

[DawnC]

IF you are in the business of buying and selling tickets, you are self-employed and report your income and expenses on Schedule C.   If you are not self-employed, the income is reported as a capital gain.  To report Self-Employment income and expenses on Schedule C, use these instructions in TurboTax.  

Generally, you are self-employed if any of the following apply to you.

• You carry on a trade or business as a sole proprietor or an independent contractor.
• You are a member of a partnership that carries on a trade or business.
• You are otherwise in business for yourself (including a part-time business)

[Carl]

If this is not your business or trade, then it's reported as Miscellaneous Income. What you received for the tickets is 100% taxable income. What you paid for the tickets is "NOT" deductible from that income.

[tagteam]

"I'm trying to enter the cash receipts and cost of the tickets in Schedule C."

If you are not in the business of ticket sales, then entering the proceeds on Schedule C is the wrong approach.

Rather, you are selling a capital asset in which you have basis. As a result, the transactions should be reported on Form 8949 (which flows to Schedule D).