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Level 1
posted Jun 2, 2022 9:32:10 AM

Class Reunion + 1099-K

Hello! I’m selling tickets via EventBrite for a class reunion. The money collected will be paid out for venue rental, meal, decor, bartender, etc. I have to enter a TIN in order to have funds released and it states I will receive a 1099-K.

 

Can I use SS# for TIN? How do I avoid being taxed on this money since it’s not income?

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1 Replies
Level 15
Jun 2, 2022 1:32:46 PM

You can use your SSN. If you complete Sch C as self employed and report that income and also report an equal amount of expenses you will not be taxed.