So basically I am:
Reporting the amount in Box 1a of the SeatGeek 1099-K.
Subtracting the amount I received at a loss, leaving a total I received for things I received a profit on..
Removing how much I paid for them, and that's the amount I should be taxed on.
Do I have that right? That makes sense.
We were able to file, following the step by step directions. There is a gotcha step where even if you fill out the 1099-K/1099-B in this manner, it presents you with a question of if some or all of that section was reported as a loss or no gain. Your instructions say to just hit Continue, which ultimately works, but if you put anything in the loss section, it counts it twice and the numbers don't add up. It's very misleading by the program and I suspect many won't just hit Continue.
I'll save all these directions for next year. Thank you again!
