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If you got paid for selling event tickets in 2024, then that income will have to be reported on your 2024 tax return next year, even if the sales took place in 2023.
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.
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.
That same year, the company merged with CitySearch and was renamed Ticketmaster Online-CitySearch. [13] In May 2000, Ticketmaster Online-CitySearch acquired TicketWeb Inc., a ticket vendor that sold tickets online and over the phone. [14] In 2003, IAC repurchased the remaining Ticketmaster stock that it had previously sold off. [15]
A similar practice used among ticket resellers is to list an item as an online auction (such as eBay), most commonly an innocuous item such as a collector's card, and give the tickets as a bonus to the winning bidder and so they do not actually sell tickets to circumvent ticket laws.
Tickets sold through an online ticket brokering service may or may not be authorized by the official seller. Generally, the majority of trading on ticket brokering websites concerns itself with tickets to live entertainment events whereby the primary officially licensed seller's supply has been exhausted and the event has been declared "sold-out".
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for.
In 2012, they managed ticket distribution for 360 venues across the country and tripled that number in three years to more than 1,100 venues by 2015. [ 3 ] On October 7, 2015, Ticketfly announced its acquisition by music streaming service Pandora in a $450 million cash and stock deal [ 4 ] to complement the company's core streaming product.