Wondering if my same situation would apply?
I bought concert tickets for 8 friends at $173 a piece (back before covid). I just sold 4 of them at $150 each and am now getting a 1099K from ticketmaster since the gross income is $600. I will have to fill out this 1099 come tax season but I also need to offset this as I’m actually taking a loss in the long run on these 4 tickets. Would I follow this same process?
Thanks so much in advance, this has been a real headache.
