The Internal Revenue Service is requiring third-party businesses, like Ticketmaster, StubHub and eBay, to report when users make more than $600.
A fan seeking tickets carries a sign as others line up to enter Ford Field ahead of Taylor Swift’s first concert of the weekend in Detroit on Friday, June 9, 2023.
That means those companies will file a Form 1099-K with the IRS and send you a copy if you received more than $600 in gross payments on a sale. The change was supposed to go into effect for the 2022 tax year but was delayed until 2023. It also happens to be occurring during a year of blockbuster live events that drove huge markups on the resale market as people who couldn’t attend — or wanted to make some cash — hawked their tickets to see musical artists like Taylor Swift and
Jean Stull, owner of Jean Stull CPA in Leechburg, said not everyone who resold tickets on third-party sites will be subject to the tax.
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