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Retirement tax questions
I appreciate your reply. Thank you. When I go to the Investment, Everything Else section it references 1099-B and not 1099-K. When prompted for financial institution I entered "Event Tickets-1099-K" along with the box 1a Proceeds amount, cost, and fees. The software calculates the correct amount of the taxable gain and creates a Schedule D, Cap Asset Sales Worksheet, and Form 8949. None of these reference the 1099-K or Live Nation/Ticketmaster. I'm concerned that the IRS will not see the connection and could flag the return for unreported income as they will not see a clear cross reference. Perhaps someone has already filed and has a similar situation and can advise if the IRS has had any issues? Thanks in advance.
Friday