Last year I sold 2 set of concert tickets on Ticketmaster, one at a gain and the other at a loss. I added both sales and payouts on to 1099-B and they are less than the gross payment amount in box 1a. of 1099-K. Ticketmaster did not include how much they were sold for including taxes and fees on the supplemental transaction sheet.
Ticketmaster adds this note on the seller page where the 1099-K is found:
Note that the gross amount you see in Box 1 of the 1099-K will be different from the total of your payouts because it includes taxes and fees (as required by the IRS) and does not adjust for credits, discounts, or refunds.
Smart check gives me this error message but I don't know the full amount either set sold for. The payouts are only included in the emails I received.
Check This Entry
Form 1099-B Worksheet (Live Nation Worldwide Inc.): Amount from Form 1099-K has an amount from linked Form(s) 1099-K, but the sales proceeds on this worksheet don't match the payment amount from Form 1099-K. Add sale(s) on this worksheet with sale proceeds to match the amount reported on Form 1099-K.
How do I proceed?
