As part of the reunion committee, I set up my personal PayPal account so we could sell tickets. The total sales was 5400. The expenses were equal to the sales, so there is no net income. Since the sales did not meet the threshold, I did not receive a 1099K. I assume even though there is 0 income, that I need to report the income & expense on my tax return. I don't know what form to use to report this. I don't think it meets the test as a business since it isn't done regularly. It also isn't a hobby. Any suggestions? Thanks!
