I purchased Raiders tickets from the Raiders organization. I sold a few on Stubhub and received a 1099 for $8,000. But I purchased the tickets for $6,000. Do I really pay tax on the $8k and not my profit which was only $2k? Please help.
Selling tickets is like selling a stock. You only pay taxes on net gain/loss. Give the 1099 to your accountant along with the cost you paid for tickets
