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I just got a message from Ticketmaster about a 1099

Posted on 1/9/22 at 6:31 pm
Posted by flyAU
Scottsdale
Member since Dec 2010
24851 posts
Posted on 1/9/22 at 6:31 pm
I sold my falcons tickets at a loss but because I am over ‘$600 I have to report it as income??? WTF is this shitshow?
Posted by mattz1122
Member since Oct 2007
52821 posts
Posted on 1/9/22 at 6:34 pm to
You can thank are government
Posted by Civildawg
Member since May 2012
8568 posts
Posted on 1/9/22 at 6:35 pm to
The government loves your money
Posted by gobuxgo5
Member since Nov 2012
10028 posts
Posted on 1/9/22 at 6:38 pm to
Make sure you find your receipt on what you paid. Also, for some games I’m sure you took a loss on. Just have to prove to Biden’s IRS that it’s not pure profit.
Posted by Phate
Baton Rouge
Member since Mar 2006
11724 posts
Posted on 1/9/22 at 6:38 pm to
You’ll have to report the income but it’ll be offset by the cost of the tickets.
Posted by Jizzy08
Member since Aug 2008
11229 posts
Posted on 1/9/22 at 6:39 pm to
There is one truth and the government will do whatever they need to do to promptly get your money.
Posted by Xenophon
Aspen
Member since Feb 2006
40924 posts
Posted on 1/9/22 at 6:40 pm to
Thank democrats
Posted by flyAU
Scottsdale
Member since Dec 2010
24851 posts
Posted on 1/9/22 at 6:41 pm to
quote:

You’ll have to report the income but it’ll be offset by the cost of the tickets.


I don’t even give a shite about not losing the money. That I have to add ANOTHER fricking thing to my taxes is infuriating.
Posted by Ssubba
Member since Oct 2014
6617 posts
Posted on 1/9/22 at 6:56 pm to
Is it bad that I would ignore the message? How naïve am I?
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71428 posts
Posted on 1/9/22 at 6:57 pm to
quote:

I sold my falcons tickets at a loss but because I am over ‘$600 I have to report it as income??? WTF is this shitshow?



As long as you can show you didn't make any income on it, you should be fine.
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71428 posts
Posted on 1/9/22 at 6:57 pm to
quote:

Is it bad that I would ignore the message? How naïve am I?



I never did Fed audits, but on the state level if we're expecting to see income and we don't, it would flag you.
Posted by flyAU
Scottsdale
Member since Dec 2010
24851 posts
Posted on 1/9/22 at 6:58 pm to
Hi guess we are finally sticking it to those six hundred dollaraires
Posted by sta4ever
The Pit
Member since Aug 2014
15194 posts
Posted on 1/9/22 at 7:00 pm to
I think everyone just needs to ignore this new tax shite the government is implementing. What would happen if we all just ignored it?
Posted by TheWalrus
Member since Dec 2012
40567 posts
Posted on 1/9/22 at 7:03 pm to
Does he have to itemize for that or can he do that with the standard deduction?
Posted by fatboydave
Fat boy land
Member since Aug 2004
17979 posts
Posted on 1/9/22 at 7:03 pm to
Joe Biden wants his cut
Posted by Strannix
District 11
Member since Dec 2012
48953 posts
Posted on 1/9/22 at 7:04 pm to
Hunter Biden's crack isnt going to buy itself baw. Time to pony up.

This post was edited on 1/9/22 at 7:08 pm
Posted by Stealth Matrix
29°59'55.98"N 90°05'21.85"W
Member since Aug 2019
7852 posts
Posted on 1/9/22 at 7:11 pm to
You mean you didn't get the memo from State media? We're building back better baw
Posted by PowerTool
The dark side of the road
Member since Dec 2009
21175 posts
Posted on 1/9/22 at 7:14 pm to
quote:

Hi guess we are finally sticking it to those six hundred dollaraires



Middle-class consumers and small entrepreneurs have had it too easy for too long. It's time for the federal government to step in and level the playing field for big tech.
Posted by danilo
Member since Nov 2008
20153 posts
Posted on 1/9/22 at 7:15 pm to
Need your taxes to give out more welfare
Posted by BilJ
Member since Sep 2003
158763 posts
Posted on 1/9/22 at 7:16 pm to
You come out better if they do because now you actually get to take the loss you took on those tickets
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