https://ttlc.intuit.com/community/self-employed-group/discussion/re-concert-sports-ticket-resales/01/2768726#M7017 <P>As a ticket reseller you can deduct the cost of your tickets since this is considered your inventory. If any of your tickets are sold at a loss or remain unsold you would be able to deduct that loss by expensing your inventory.&nbsp; The cost of a onetime seat license would be amortized or written off over the life or period of that seat license.&nbsp; And finally, you can expense normal business expenses, including, accounting and bank fees, third party payment fees, office supplies, phone bills, and internet costs.&nbsp; And if applicable, you may be able to deduct home office expenses, meals, and gifts.</P> Wed, 31 Aug 2022 19:14:53 GMT NancyM5 2022-08-31T19:14:53Z https://ttlc.intuit.com/community/self-employed-group/discussion/concert-sports-ticket-resales/01/2768279#M7016 <P>What potential expenses or losses can de deducted from profilts earned from ticket re-selling?</P><UL><LI>Cost of tickets?</LI><LI>Loss for tickets unsold AND unused?</LI><LI>Loss for tickets sold at a loss?&nbsp;</LI><LI>Cost of onetime seat license? In most cases this is $30,000 or more</LI><LI>Normal self employment business expenses? Internet access, % of rent, utilities, etc?</LI></UL> Tue, 10 Mar 2026 05:44:32 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/concert-sports-ticket-resales/01/2768279#M7016 Thealy59 2026-03-10T05:44:32Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-concert-sports-ticket-resales/01/2768726#M7017 <P>As a ticket reseller you can deduct the cost of your tickets since this is considered your inventory. If any of your tickets are sold at a loss or remain unsold you would be able to deduct that loss by expensing your inventory.&nbsp; The cost of a onetime seat license would be amortized or written off over the life or period of that seat license.&nbsp; And finally, you can expense normal business expenses, including, accounting and bank fees, third party payment fees, office supplies, phone bills, and internet costs.&nbsp; And if applicable, you may be able to deduct home office expenses, meals, and gifts.</P> Wed, 31 Aug 2022 19:14:53 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-concert-sports-ticket-resales/01/2768726#M7017 NancyM5 2022-08-31T19:14:53Z