{"id":131227,"date":"2023-09-28T22:11:11","date_gmt":"2023-09-28T22:11:11","guid":{"rendered":"https:\/\/bluemull.com\/?p=131227"},"modified":"2023-09-28T22:11:11","modified_gmt":"2023-09-28T22:11:11","slug":"taylor-swift-beyonce-messi-ticket-resellers-must-report-earnings-to-irs","status":"publish","type":"post","link":"https:\/\/bluemull.com\/celebrities\/taylor-swift-beyonce-messi-ticket-resellers-must-report-earnings-to-irs\/","title":{"rendered":"Taylor Swift, Beyonc\u00e9, Messi Ticket Resellers Must Report Earnings To IRS"},"content":{"rendered":"
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Folks who made a killing reselling tickets to some of the year’s hottest concerts like Taylor Swift<\/strong>, Beyonc\u00e9<\/strong> — or even big sporting events like Lionel Messi<\/strong>‘s Miami games — are gonna have to pay up, courtesy of the IRS.<\/p>\n New rules for the 1099-K form say those who unloaded tickets on StubHub or Ticketmaster, selling more than $600 worth of tickets this year, are now required to put the earnings down as taxable income.<\/p>\n The 1099-K form focuses on payments received from credit and debit cards, gift cards, and third-party payment networks and online marketplaces — which fits Ticketmaster and StubHub right in that lineup.<\/p>\n <\/p>\n As you know, resellers were practically top dogs in the world of live events this year … whether it be selling back to Swifties at the Eras Tour, or fans of Queen Bey wanting to go to her Renaissance Tour.<\/p>\n <\/p>\n Even tickets for Messi’s soccer games were getting resold for a steep markup.<\/p>\n Of course, ya could look at this as just another thing to give up to the IRS … or, as justice for those who paid thousands for tickets from scalpers.<\/p>\n