Ticket Sales

It depends. Please clarify because Ticket Sales indicates a sale for a chance to win something.  More information will allow us to be specific with your answer.

Thanks for your reply!

I purchased tickets on Ticketmaster and then sold them at a profit on Stubhub. I did not receive a 1099-K because it was under the threshold.

In TurboTax Online, report hobby income as follows:

• Down the left side of the screen, click Federal.
• Down the left side of the screen, click Wages & Income.
• Scroll down to Less Common Income and click on the dropdown menu.
• To the right of Miscellaneous Income, 1099-A, 1099-C, click the Start / Revisit button.
• To the right of Hobby income and expenses, click the Start / Revisit button.
• At the screen Any Other Taxable Income, click Yes.
• At the screen Nice. Let's get your income and expenses, enter income and expense.
• Click Continue. 

The entry will be reported:

• on line 8j of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

@skw3 

Thank you!!