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1099 NEC or MISC
I manage a set of baseball season tickets and sold 10 games to my former employer at cost. They have issued me a 1099-NEC for the cost of the tickets. I do not make money from this endeavor and I am not a consultant for them. Should this be reported on a 1099-MISC instead? And how do I report that I did not make any profit (ie Cost of Goods Sold = amount of payment). Thank you for any assistance.
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March 4, 2022
4:33 AM