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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 (gizmodo.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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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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[-] jcit878@lemmy.world 50 points 1 year ago

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

[-] sndrtj@feddit.nl 38 points 1 year ago

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

[-] eek2121@lemmy.world 14 points 1 year ago

I own a business and can agree with this statement.

this post was submitted on 24 Sep 2023

560 points (96.2% liked)

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