Tax question: report sale of concert tickets or not?

[melissa_s99]

I purchased concert tickets through StubHub in November, but had to resell them because I couldn't attend (resold through StubHub). I resold for less than what I originally paid. Do I need to report the sale?

[TurboTaxSusan]

Yes, you'll need to report that sale in the Capital Gains section, as the sale of a “personal-use property” (PUP). But since it's a loss, it will offset any Capital Gains that you had this year, or carry forward to the future. You can even carry it back 3 years, if you had Capital Gains on previous returns.