I have read this string 3 times and tried to do this and having some success but not completely. I have the Home and Business download. I probably sold tickets to 20 games, is someone suggesting that you need to list out each one with proceeds and cost, similar to what you do for 1099-b stock/bonds??? I just assumed I could bunch these.
One of the things I am having a problem correcting is the expenses incurred. I put in a placeholder number thinking I could go back and update but can't figure out how to do that! Tried via forms as well.
And two additional questions:
1- does anyone know what TurboTax does with the amount one types in when it asks how much is incorrectly reported (not ticket sales) as I still seem to see the gross amount and not the gross less what i said should be taken out.
2- separate from TurboTax, anyone have any clue what number TurboTax adds to your MAGI? I was assuming it would be the profit that gets reported but since I can't enter it yet don't see where it is flowing and really hoping it is not the gross amount! Thanks for any insight you may have.
