If you are not in the business of buying and reselling tickets to sporting events then your loss is a personal loss and not deductible.
If you are in the business of buying and reselling tickets you will enter the income reported on Form 1099-K for selling extra tickets for sporting events as self-employment income in Schedule C Profit or Loss from Business. Follow these steps to enter your Form 1099-K information:
- Open or continue your return.
- Search for Schedule C and select the Jump to link in the search results.
- Answer the questions about your business.
- On the screen Let's enter the income for your work, select Other self-employed income.
- If you’re returning to Schedule C, select Review or Edit next to your work and then answer the questions about your business.
- On the screen Tell us about other self-employed income, enter your 1099-K info.
- Select Continue when finished.
If you are entering income from a 1099-K, remember that it reports the gross amount of the transactions. It doesn't include any adjustments for credits, refunds, discounts, or fees. You’ll have a chance to enter self-employment expenses in another part of your return.
This link How do I enter a 1099-K in TurboTax Online? has information that you may find helpful.
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