Never asked a question in this forum and I'm hoping this follows the other posts in the same discussion. Otherwise, I'm afraid it won't make any sense. I still have the same question posed by Lynn G1 several weeks ago. Like her/him when doing the final check before filing, I got an error message about Form 1099-K reconciliation, which states:
If checked, a copy of Form 1099-K with the payer and payment amount shown below has been linked to this worksheet. Total sales proceeds reported on the Capital Asset Sales Worksheet must match the amount shown below.
This question concerns a Ticketmaster (Live Nation Worldwide) 1099-K I received when I sold a few of my unused NFL tickets in 2024. The gross amount of payment is roughly 30% more than the actual amount received. I've learned from this forum that the gross amount of payment also includes both the 10% I paid Ticketmaster to sell the tickets and the service fee the buyer of the tickets had to pay to Ticketmaster, neither of which I should be paying tax on.
As RobertB4444 suggested, I did get info from Ticketmaster on the amount of the service fee paid by the buyer. However, I still do not know how to make the reconciliation the error message is requiring. I don't really understand what needs to be reconciled. TurboTax populated the worksheet number and I would not have thought I would need to reconcile what they calculated.
Any help would be greatly appreciated.
