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Yes, the tax reporting requirements are the same, regardless of the platform used to sell concert or event tickets. The IRS's rules apply to all sales, not just those made on online platforms like ...
The threshold was supposed to be dropped to $600 in 2021 after Congress passed changes to ensure taxes get paid on income from gig work and selling concert tickets or other things online.
If you sell goods or services or rent property, and get paid through Venmo, PayPal, Cash App or another payment app, you may have been surprised by a Form 1099-K this year.
CashorTrade is a fan-to-fan face-value ticket-reselling market created in 2009 by brothers Brando and Dusty Rich based in Burlington, Vermont. [1] As of November 2017, the platform had users from 20 countries and had processed over half a million transactions. [2]
Online ticket brokering is the resale of tickets through a web-based ticket brokering service. Prices on ticket brokering websites are determined by demand, availability, and the ticket reseller. Tickets sold through an online ticket brokering service may or may not be authorized by the official seller.
When a ticket reseller buys concert tickets at a lower price and sells them for a bit more, they make a profit. Here's how to sell concert tickets to make an extra buck on the side.
Free state return in some states. The free state and federal tax filing services provided by MyFreeTaxes, sponsored by the charitable organization United Way, and Cash App, which sells targeted advertising based on return data, are unrelated to the Free File program. [7] [8]
Selling stuff via an app is generally a better way to make money than through holding a yard sale or selling to a local consignment store because the world is your oyster — in other words, you ...