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November 16, 2022
Question

Event Ticket Sales

  • November 16, 2022
  • 1 reply
  • 5 views

In light of the recent tax changes, individuals earning more than $600 will get 1099's for sales of event tickets this year.  How do I account for these sales, do I report the net gain from the sale on my taxes?  Thus, if the tickets are $200 each and I sell them for $400 each and net $160 (after sales fees), do I report $160 gain per ticket on my taxes, and if so, where?

 

Thanks,

 

 

    1 reply

    Alumni - Champ
    November 16, 2022