If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty

Technology@lemmy.world – 551 points – 1 years ago

If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.

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er, by default any profit is taxable for them while as a lemming you get a tax free $600 profit before it impacts you

but fuck ticketmaster anyway

I'm pretty sure they pay effectively zero tax because they found some interesting ways to make their profit appear 0 on paper.

I own a business and can agree with this statement.