Can I adjust the amount in box 1a of a 1099-K from Ticketmaster since they put more than the amount you were paid for your ticket sales?

Forum|Forum|1 year ago
February 20, 2025
1 reply
0 views

They report the “gross transactional amount,” that's the total value of your sale. This total value includes the price you sold your tickets for, plus fees and any other amounts related to your ticket sales. That means they include money you never got.

MayaD

The gross payment amount (Box 1a) on Form 1099-K reports the total, or gross, dollar amount of reportable payment transactions. It doesn't include adjustments for fees, credits, refunds, shipping, cash equivalents or discounts. Those items are not income. You can deduct those items from the gross amount when including the income on your tax return.

For more information check :Form 1099-K FAQs

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"