R-SchuleCPA
Expert Alumni

Get your taxes done using TurboTax

The only way to account for the original cost is to claim ticket sales as self-employment income, which will involve claiming 1099K receipts as income, and deducting cost of purchase as an expense. Otherwise, you can claim sales as miscellaneous income and for simplicity not deduct costs of sale. The below link will provide more information.

 

Ticket sales

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