Ticket Sales

Forum|Forum|2 years ago
April 15, 2024
1 reply
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Where should I enter income from ticket sales? I do not do this as a business so I can't use Schedule C and I am unable to access Schedule D. Would it go under a personal item 1099-B?

Best answer by JamesG1

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

DianeW777

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.

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skw3Author

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.

JamesG1Answer

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.