Ticket resellers to be taxed in the US
Previously, sellers only had to report earnings if they made more than $20,000 and at least 200 transactions a year
News By James Hanley | 26 September 2023
People who make more than $600 (€566) a year from reselling tickets in the US are to be taxed under new regulations drawn up by the Inland Revenue Service (IRS). Previously, sellers only had to report earnings if they made more than $20,000 and at least 200 transactions a year.
The Wall Street Journal reports that under the law companies such as Ticketmaster and StubHub will now have to report if customers sold more than $600 in resale tickets annually. The requirement forms part…
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