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.
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.
Agreed. Obviously, the tax code should be better enforced against wealthy people, but you can support one action without it meaning you don't support another.
I'm not well-versed on the subject, but is ticket scalping not a large-scale business at this point? Like, yeah individual ticket holders can be opportunistic, but don't bots buy tickets by the thousands as soon as they go on sale?
All that happened here is they lowered the reporting threshold to cast a wider net and force people to reported income they otherwise could have just not mentioned. It's not quite like flipping a switch but it's relatively easy to comply with, and relatively easy to enforce. "Fixing taxes" is significantly more complicated, to say the least.