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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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[–] Holyhandgrenade@lemmy.world 120 points 1 year ago (3 children)

Somehow I doubt this will affect Ticketmaster, the biggest scalper of all

[–] jcit878@lemmy.world 50 points 1 year ago (1 children)

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 37 points 1 year ago (1 children)

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 13 points 1 year ago

I own a business and can agree with this statement.

[–] tenextrathrills@lemmynsfw.com 6 points 1 year ago

I don’t understand what your point is. Of course this doesn’t impact Ticketmaster. They already pay taxes on income generated from selling tickets, so nothing changes. I can’t tell if you’re just saying dumb shit to get upvotes from other idiots or truly don’t have a clue.