Get your taxes done using TurboTax

You will only be able to deduct expenses related to your sale of tickets if you are considered a business. If you sell tickets regularly and you depend on the income and have made a profit in three of the last five years, you could be considered "Self-Employed". ‌

In that case you will be able to deduct expenses related to your ticket sales on Form Schedule C, "Profit or Loss From Business".

You can't deduct expenses incurred by reselling StubHub tickets if you are filing as a hobbyist. ‌You would be considered a "hobbyist" if the money you made isn't money you depend on, or the money made was incidental and made doing something you enjoy, and you didn't spend time doing it often and regularly.  

The screens you will see in TurboTax, when entering your 1099-K, have additional information regarding hobbyist vs self-employed.  This is a helpful guide to determine if you are self-employed vs a hobbyist. 

Select the type of income you are entering and it will display the "Learn More" links to click on. 

Your screens will look something like this:

Click here for additional information on entering Hobby Income.

Click here for information on entering your self-employed income into TurboTax.

Click here for information regarding when your business is considered a hobby.