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July 11, 2020
Question

Deductions for ticket sales

  • July 11, 2020
  • 1 reply
  • 0 views

Hello, I purchased and resold nba tickets for the sole purpose of making a profit ( not as an entertainment expense). I am reporting it as income for my s corp, however, i do not know what ttype of expense that would fall under

1 reply

GiseleD
July 11, 2020

Based on your description, this sounds like an inventory expense. 

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