https://ttlc.intuit.com/community/self-employed-group/discussion/1099-k-income/01/2768524#M6735 <P>I purchase season tickets of $15,000.00 and resell $10,000.00 (use 5,000.00).</P><P>will my taxable income increase by $10,000.00 as reported on 1099-k from Ticketmasrer?&nbsp;</P> Tue, 10 Mar 2026 05:42:37 GMT Lakerfandon 2026-03-10T05:42:37Z https://ttlc.intuit.com/community/self-employed-group/discussion/1099-k-income/01/2768524#M6735 <P>I purchase season tickets of $15,000.00 and resell $10,000.00 (use 5,000.00).</P><P>will my taxable income increase by $10,000.00 as reported on 1099-k from Ticketmasrer?&nbsp;</P> Tue, 10 Mar 2026 05:42:37 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/1099-k-income/01/2768524#M6735 Lakerfandon 2026-03-10T05:42:37Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-1099-k-income/01/2769004#M6736 <P><SPAN><STRONG>Losses</STRONG> from the sale of personal-use property, such as your home or car or Seasonal tickets, <STRONG>aren't tax deductible</STRONG>.</SPAN></P> <P><SPAN>See IRS topic&nbsp;<A title="Topic No. 409 Capital Gains and Losses" href="https://www.irs.gov/taxtopics/tc409" target="_self">Topic No. 409 Capital Gains and Losses</A>&nbsp;</SPAN></P> <P>&nbsp;</P> <P><SPAN>However, hold onto your 1099-k to report the basis you purchased the tickets to show you didn't make a $10k gain.</SPAN></P> Wed, 31 Aug 2022 20:57:38 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-1099-k-income/01/2769004#M6736 EricE_CPA 2022-08-31T20:57:38Z