Maui

Maui

I love movies, working out, snowboarding, camping, good food (BACON!), and MUSIC!!! Full Bio

 

The IRS Will Go After Taylor Swift Concert Ticket Scalpers

IRS Will Go After Taylor Swift Concert Ticket Scalpers Thanks to a new provision in the American Rescue Plan Act of 2021, those who purchased Taylor Swift tickets and resold them are subject to being taxed on the sell. The new provision lowered the threshold for reporting transactions done by third-party sites, such as Venmo, PayPal, and Cash App. If you resold a ticket for more than $600, you would receive a 1099-K form to report the earnings. Most of Taylor’s tickets for her “Eras” tours resold between $500 - $9,000 for seats close to the stage, according to StubHub. 

PLUS Ticketstoday to sell Taylor Swift’s remaining 170,000 tour tickets! After the disaster that was Ticketmaster’s Taylor Swift Eras Tour sale, they still have nearly 170,000 tickets available to her shows.

Photo: Getty Images


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