1099 NEC or MISC

[NETom]

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.

[AliciaP1 · Accepted solution]

You will enter your 1099-NEC as self-employed income on your return.  You will then have an expense of the cost of the tickets providing a net-zero transaction.

To enter your 1099-NEC please follow these steps:

1. Open or continue your return in TurboTax
2. Search for self employment income (use this exact phrase, don't add a hyphen) and select the Jump to link at the top of the search results
3. Answer Yes on the Did you have any self-employment income or expenses? screen
   • If you land on the Your 2021 self-employed work summary page, select Review next to the work you're adding income for