Hello Drew580, You will be able to deduct the fees from StubHub and the original price of the tickets that you bought for the purpose of making a profit. You will need to report the cost of all of the tickets that you bought for the purpose of making a profit, regardless of whether you actually made a profit from the sale on the specific tickets (ordinary income). If you are not in the business of selling tickets, you could possibly use Schedule D to report the income from the sale of tickets (property), but there are additional requirements for Schedule D (cap gain). The % that you will be taxed on the profit will be a determination of how much the income increases your overall income and how the income is recorded--- business income would be ordinary income % while Schedule D would capital gain %.
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