Sports Events Ticket Resale

[TA58]

I sold some sports event tickets (one time sale) at a profit via Ticketmaster. They sent a 1099-K showing the full amount they received from the buyer including fees. I entered the information from the 1099-K in box 1a and selected the option "This amount in box 1a is too high or includes some personal transactions". This allows me to enter the difference between the box 1a amount and my actual cost. When prompted I entered "I sold some items at a loss or a gain" and entered "0" (this was per information I read on the forum). At the end, during Smart Check, it says to "check this entry" and brings up the "Capital Asset Sales Worksheet". I spent 3 hours on the phone with TurboTax yesterday trying to resolve this and they could not provide a solution. Does anyone else have this situation and how have you resolved it? Thank you.

[Mike9241]

you are not in the business of selling sports tickets. This makes them capital assets where the gain is reported on Form 8949/Schedule D. You need to link the 1099-K to Schedule D. Then use the link to the capital asset sales worksheet to report details. The proceeds are automatic from1099-K 

date sold, date acquired,  cost including any fees, are required. The 8949 box would be C since no 1099-B filed with IRS and neither was your cost. likely short-term