IRS Is Going After Ticket Scalpers

maureenmahoney added this on September 25, 2023
AUGUSTA, GA – APRIL 04: Tickets scalpers look for badges along Washington Road in front of Augusta National Golf Club before the Masters on April 4, 2010 in Augusta, Georgia. (Photo by Scott Halleran/Getty Images)

The IRS is changing its rules to crack down on ticket scalpers.

The agency has changed its rules so that anyone who makes more than $600 by re-selling tickets will have to report that income to the IRS.

The previous threshold for ticket sellers to report earnings was if they made more than $20,000 and had 200 yearly transactions.

However, ticket prices have exploded in recent years with the average resale price for a ticket to Taylor Swift’s “Eras Tour” being $1,600.

The new rule will go into effect in December.

Have you ever tried to make money by re-selling tickets? How would you change the current system? Share your opinions on 107.7 The Bone’s Facebook or Twitter page.

 

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