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Get your taxes done using TurboTax
My concern is this statement: "Make sure that the amount reported on the IRS form 1099-K box 1a equals the Proceeds reported for the multiple entries of IRS form 1099-B."
It is well documented by multiple users which have sold NFL tickets, that the 1099K we get from Live Nation does not agree with the Proceeds we receive sold tickets. So the 1099 entries (from the 1099K and for the Proceeds) will not be "equal". The 1099K typically overstates the proceeds by approx 20-30%.
I have followed the instructions in this discussion and I won't be able to complete my taxes for a few weeks, but i would not be surprised that I get lots of "please review" msgs from TTax when I try to complete my txes.....this has happened for several years.
March 17, 2025
9:42 AM