Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
J
julesrs
January 6, 2023
Question

If I sold 2 tickets for concert I couldn’t attend in 2022 (purchased in 2021), am I required to file a 1099k for this lone transaction? (Resale was <$600.00)

  • January 6, 2023
  • 1 reply
  • 0 views
I don’t have a business, it was a one time thing. The sale was less than $500, I only grossed around $100.

1 reply

M
Mike9241
January 6, 2023

no. you are not in the business of reselling tickets. however, if you made a profit it needs to be reported for tax purposes. if you lost money it's a nondeductible personal loss.

TurboTax Sign In Widget
TurboTax flag icon

Unlock tailored help options in your account

Create an account
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification