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12 mar 2024 · But even if you aren't getting a 1099-K on a sold spare ticket, the IRS says it's still taxable. Erin Collins, the IRS National Taxpayer Advocate, dug into the issue last month.
29 wrz 2023 · According to a tax rule that was introduced in the American Rescue Plan Act in 2021, if you made $600 or more from selling concert tickets through Ticketmaster, StubHub, or a payment app like...
In most scenarios, event tickets are subject to sales tax. The only reason tickets may not be subject to sales tax is if the event is a fundraising event for a nonprofit or if an out-of-state ticket seller does not meet the economic nexus threshold for an event.
29 wrz 2023 · If you are in the business of reselling ticketings and you have net earnings of $400 or more, then generally, you may owe self-employment tax. But, if this is a one-time transaction for you, then it’s unlikely you will prompt self-employment tax for these earnings.
20 cze 2022 · I sold two tickets for a concert I could not attend last minute. My profit was about $585 total. I am being told mixed messages if I pay taxes. I also dont know which year it would apply for as they sold in December but I received the money in January.
9 lut 2023 · As a result of this delay, third-party settlement organizations will not be required to report tax year 2022 transactions on a Form 1099-K to the IRS or the payee for the lower, $600 threshold amount enacted as part of the American Rescue Plan of 2021........
Stay informed about IRS regulations on ticket resales in the digital age. Learn about the $600 profit threshold, how the IRS tracks earnings and the importance of maintaining accurate records.
