Right so it's looking at overall sales and income. So if for the year I sold $10,000 in tickets and sports cards and after calculating my cost basis I was $11,0...
How about losses. Using the tickets again, if the cost is $200 per ticket and I sell these for $100 each through a ticket exchange to get rid of the inventory, ...
Yes these resales are intended for profit and also my sport trading cards on places like Ebay. For the cards I don't know the cost so if I sold something for $2...
Wait this is if I wasn't intending to sell these for profit. I am because I'm not getting rid of the tickets like to friends, I'm trying to sell at a demand pri...
Thanks for the responses.So in the case of selling tickets and this is my "hobby". If I sold $7500 worth of NBA games I didn't go to, but my cost is $5000, I'm ...
