You enter the amount of the 1099-NEC, which put the full amount ($16800) of the income on your return. Then to remove the actual costs of the tickets (so you don't pay tax on the full amount) do a separate entry to miscellaneous income.
- Less Common Income (last section)
- Miscellaneous Income (last section)
- Other Reportable Income (last section)
- Answer Yes to Any Other Taxable Income
- Enter the description
- Enter the amount on the amount you paid for the tickets as a negative number. (-12,080)
When you enter the 1099-NEC, there is a box to mark that says this is not self-employment income. Mark that so a Schedule C is not generated.
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