In case you don’t want an Internet forum to be your accountant.
Yeah, I had already looked that over pretty heavily. But it doesn't really give much clarification. And even there, where it tells you what form to use, once you get to the form, it asks you to enter amounts from 1099b, not 1099k. Was just curious to see what others have done, since I can't possibly be the only one here reporting their ticket sales on their taxes.
Ha, fair enough. As an accountant I’m probably just more used to reading IRS nonsense. Assuming you need to report on form 8949 and schedule d, on the 8949 part 1 you should report the tickets as short term property with box c (not reported on a 1099b) checked. And then hopefully whatever software you’re using automatically carries that to schedule d part 1 and then on to your 1040 page 1.
In an attempt to simplify such situations when you file your 2024 tax return, the I.R.S. has included a new space at the top of Form 1040’s Schedule 1 for reporting “additional income and adjustments to income.” There, you can include amounts reported in error on a 1099-K or report personal items sold at a loss.
As of Thursday, the I.R.S. had not updated all of its online information to reflect this change, but details can be found in the instructions for Schedule 1.
"They said ... timing was everything
made him ... want to be everywhere
there's a ... lot to be said for nowhere."
Looks like I picked the wrong week to quit amphetamines...
PJ - 09/23/98: West Palm Beach II, 08/12/00: Tampa, 04/12/03: Orlando, 04/13/03: Tampa, 06/12/08: Tampa, 06/27/08: Hartford, 09/22/09: Seattle II, 04/11/16: Tampa, 05/01 &05/02/16: MSG I & II, 09/18/21: Sea Hear Now, 10/01& 10/02/21: Ohana Encore I & II, 05/06 & 05/07/22: Los Angeles I & II, 09/11/22: MSG, 09/16/22: Nashville, 09/02/23: St. Paul II, 09/07/23: Chicago II, 09/18& 09/19/23: Austin I & II, 05/16& 05/18/24: Las Vegas I & II, 08/29& 08/31/24: Wrigley Field I & II, 09/03& 09/04/24: MSG I & II, 09/27& 09/29/24: Ohana Festival I & II
EV - 08/04 & 08/05/08: (Eddie solo, w/Liam Finn) NYC I & II, 11/27 & 11/28/12: (Eddie solo, w/Glen Hansard) Orlando I & II, 02/09 & 02/10/22: (Eddie & the Earthlings) Chicago I & II, 09/30/23: (Eddie & the Earthlings) Ohana Festival
Song Wishlist: Oceans, Brother, Alone, Let Me Sleep, full W.M.A., Hold On, Bugs/all of Vitalogy, Gremmie Out Of Control (BAM!), Mankind, Around The Bend (full band), Whale Song (DOUBLE BAM!), The Long Road, Don't Gimme No Lip, Pilate, Push Me Pull Me, All Those Yesterdays, Rival, Parting Ways, Ghost, Bu$hleaguer, WWS, Parachutes, Army Reserve, low octave Driftin', Strangest Tribe, Other Side, Undone, Fatal, Hitchhiker, Education, Black Red Yellow, Of the Earth, Love Reign O'er Me, Gonna See My Friend, Amongst the Waves, Santa Cruz, Infallible, Yellow Moon, Alright, Comes Then Goes, Got to Give, and the Mamasan Trilogy.
Wanted Posters: WPB '98, Tampa/WPB '00, Tampa '03, EV Batmobile '08 ISO: any picks, or setlists from any of my shows!
Comments
In an attempt to simplify such situations when you file your 2024 tax return, the I.R.S. has included a new space at the top of Form 1040’s Schedule 1 for reporting “additional income and adjustments to income.” There, you can include amounts reported in error on a 1099-K or report personal items sold at a loss.
As of Thursday, the I.R.S. had not updated all of its online information to reflect this change, but details can be found in the instructions for Schedule 1.
made him ... want to be everywhere
there's a ... lot to be said for nowhere."
Song Wishlist: Oceans, Brother, Alone, Let Me Sleep, full W.M.A., Hold On, Bugs/all of Vitalogy, Gremmie Out Of Control (BAM!), Mankind, Around The Bend (full band), Whale Song (DOUBLE BAM!), The Long Road, Don't Gimme No Lip, Pilate, Push Me Pull Me, All Those Yesterdays, Rival, Parting Ways, Ghost, Bu$hleaguer, WWS, Parachutes, Army Reserve, low octave Driftin', Strangest Tribe, Other Side, Undone, Fatal, Hitchhiker, Education, Black Red Yellow, Of the Earth, Love Reign O'er Me, Gonna See My Friend, Amongst the Waves, Santa Cruz, Infallible, Yellow Moon, Alright, Comes Then Goes, Got to Give, and the Mamasan Trilogy.