Turbotax error line 12B

[SecondCor521]

Quote:

Originally Posted by lucky penny What is the "SR version form"?

Probably this:

https://www.irs.gov/forms-pubs/about-form-1040-sr

[harllee]

Quote:

Originally Posted by SecondCor521 No. Capital losses on personal items are not deductible. They probably know this. I think they're just filing to let the IRS know how to reconcile the 1099-K (i.e., that it wasn't income), rather than get an IRS notice.

I am going to have to do this next year since I am selling some basketball tickets on Stubhub (did not want to go into crowded arena due to Covid). I will probably have a loss or a very small gain once I subtract ticket costs and Stubhub fees. I was wondering how to report. What schedule should these ticket sales be reported on?

[cathy63]

Quote:

Originally Posted by harllee I am going to have to do this next year since I am selling some basketball tickets on Stubhub (did not want to go into crowded arena due to Covid). I will probably have a loss or a very small gain once I subtract ticket costs and Stubhub fees. I was wondering how to report. What schedule should these ticket sales be reported on?

I'd put it on form 8949 and treat it as a capital gain, either short or long term. If you end up with a loss, it is not deductible because the tickets are personal property, so you have to put an L in column f and put the appropriate amount in column g to zero it out.

[SecondCor521]

Quote:

Originally Posted by cathy63 I'd put it on form 8949 and treat it as a capital gain, either short or long term. If you end up with a loss, it is not deductible because the tickets are personal property, so you have to put an L in column f and put the appropriate amount in column g to zero it out.

Exactly what I would have said, only more clearly. (As usual.)