The sale of the tickets would be a sale of personal items and you can report the income using investment sales. Be sure to enter the correct sales price for the tickets that were sold and the cost of those same tickets. You have already stated you have the records so be sure to keep them with your tax documents. should you need them later.
To enter your sale in TurboTax, follow these steps.
- Open or continue your return.
- Navigate to the investment sales section:
- TurboTax Online/Mobile: Go to investment sales after selecting the FAQ 'Where do I enter a capital gain or loss?'
- TurboTax Desktop: Search for investment sales and then select the Jump to link.
- Or Personal Tab > Continue > I'll choose what I work on > Scroll to Investment Income > Select Stocks, Cryptocurrency, Mutual Funds, Bonds, Other (select Other as they type of sale)
- Answer Yes to the question Did you sell any of these investments in 2024?
- If you land on the Investment sales summary or Your investments and savings screen, select Add More Sales or Add investments.
- Click this link for more information. Where do I enter Investment Sales?
Any loss on the sale of personal items is not allowed to reduce other income.
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