If You Resold Taylor Swift Ticket For A Profit, Prepare To Pay Taxes

Here’s what to know

  • A ticket for Taylor Swift’s The Eras Tour resold for an average price of $2,183 in the secondary market.
  • Resellers may need to prepare to receive Form 1099-K from the IRS this upcoming tax season, as they likely “easily exceed” the new reporting threshold.
  • “Starting at the beginning of next year, you want to make sure you know how to report this income,” said certified financial planner Tommy Lucas of Florida-based Moisand Fitzgerald Tamayo.
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