tdmhr94
Returning Member

I SOLD TICKETS ON TICKETMASTER. THE PROFIT FROM PURCHASING THE TICKETS TO SELLING THE TICKETS FOR A HIGHER AMOUNT

SINCE I NEVER RECEIVED A 1099K FOR TICKETS I PURCHASED AND THEN SOLD ON TICKETMASTER, AM I RESPOSIBLE FOR REPORTING WHAT I PROFITED FROM THE SALE? I KNOW THE THRESHOLD FOR TICKETMASTER TO REPORT ON A 1099K IS $5,000.00, SHOULD I TAKE THE COST OF THE SALE MINUS THE ORIGINAL PURCHASE PRICE ON THE TICKETS TO SUBMIT THE PROFIT ON THE 1099K O TURBOTAX ?