1099-K: Selling of Concert Tickets

[grayslake_07]

I have been getting different answers when it comes to which date to use for the sale of my daughter's concert tickets to determine if the sale is a short or long term gain.  One person said to use the date she received the money from Stub Hub, which would be over a year from the date of purchase. Another said it should be the date the tickets were actually sold on Stub Hub regardless of when she received the money.  Does anyone have experience in this area with the IRS? 

[ThomasM125]

You would use the date the money was legally your daughter's as the date of disposition.