Originally Posted by
camaross
OP is buying tickets, and selling them to his friend at cost. That's a business, and based on IRS rules the OP should be filing a schedule C on their tax return.
The very first line of the IRS Instructions for Schedule C declare:
“Use Schedule C (Form 1040) to report income or (loss) from a business you operated or a profession you practiced as a sole proprietor. An activity qualifies as a business
if your primary purpose for engaging in the activity is for income or profit and you are involved in the activity with continuity and regularity. For example, a sporadic activity or a hobby does not qualify as a business.”
Since you indicate that the OP is selling the tickets “at cost,” and the OP has indicated that the transactions “have no impact on my revenue,” then the IRS does not deem this to be a business and Schedule C is not appropriate.
The OP is clearly not “engaging in the activity for income or profit.”
Please do not spread misinformation on a topic you are not qualified to discuss.