I was planning to attend a concert but got sick, so sold the tickets using an online ticket resale service. That company now insists they need to send me a 1099-NEC form as the amount was over $600, and in order to do so I need to update my account with my SSN.
I didn't make a profit, I exchanged tickets that have intrinsic value for cash. In fact I sold for below face value. However, if I receive this form it would suggest I need to declare the sale price as income.
This has nothing to do with my income which is otherwise on Form W-2.
Should I submit my SSN, receive the 1099-NEC, then fill out Schedule C to offset the sale proceeds by the amount I paid for the tickets? Or should I just ignore this ticket company? If they're suggesting I need to declare the ticket sale proceeds as income and I sold at a loss, can I deduct the net loss?