- Hi colleen thanks for your reply. To clarify I own season tickets for a popular sports team in the United States. I am allowed to list them for resale through Ticket Masters online portal. In may 2020, i listed about 400$ worth of tickets (my cost) that sold for nearly $2500. Of course i would normally report a profit of 2100 on my tax return as I have in prior years. This year however ticketmaster withheld the proceeds as the season was in doubt. In july it was announced that there would be no fans in attendance so the sales were voided. So i didn't actually get paid anything. My 1099k however still lists 2500$. I am not sure how to notate that the sale was cancelled so therefore i had no gains.
February 15, 2021
7:09 AM
