I.R.S. Going After Ticket Scalpers With New Rule
September 26, 2023 8:48AM EDT
- The IRS is changing its rules to crack down on ticket scalpers.
- The agency has changed its rules so that anyone who makes more than $600 by re-selling tickets will have to report that income to the IRS.
- The previous threshold was $20,000.
- Ticket prices have exploded in recent years – the average resale price for a ticket to Taylor Swift’s “Eras Tour” was $1,600.
- The new rules go into effect in December.