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1099-K selling tickets at a mix of gains and losses
I had baseball season tickets. We used SeatGeek to sell them and got a 1099-K. We sold some of them at a gain and others at a loss. We also had some that we listed that failed to sell altogether.
When I compute the basis for all the sales, can I include the total cost of all the tickets that we listed on SeatGeek? In other words, can I add in the basis the cost of the tickets that went unsold?
Or do I only get to count the basis for the tickets that actually sold?
Or worse still, do I only count the basis for the tickets that sold above face value and need to record the basis for the ones that sold below face as the amount that I received for those tickets? Thanks!
March 18, 2024
4:13 PM