turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

kmshermer
New Member

OK I have season football tickets. I sell many games for profit. Do I report this as misc income or capital gains?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MargaretL
Expert Alumni

OK I have season football tickets. I sell many games for profit. Do I report this as misc income or capital gains?

IF you are in the business of buying and selling tickets, that is ordinary income subject to self-employment tax.  You would report it as your self-employment income.  Otherwise, it is considered capital gain. 

View solution in original post

1 Reply
MargaretL
Expert Alumni

OK I have season football tickets. I sell many games for profit. Do I report this as misc income or capital gains?

IF you are in the business of buying and selling tickets, that is ordinary income subject to self-employment tax.  You would report it as your self-employment income.  Otherwise, it is considered capital gain. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question