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New IRS Rule Will Tax People Who Resell Concert Tickets

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A new law will require ticket reselling platforms to hand over the data of all sellers who make more than $600 to the IRS.

Concert ticket prices have skyrocketed in recent years, and the resale market has soared to even greater heights along with it. While some have been able to lock in their tickets to see their favorite artists, sports teams, or other shows during initial sales, the onslaught of opportunistic scalpers and bots, along with other issues like website outages due to high demand, have effectively turned the resale market into a frenzy.

This summer saw two of the most hotly desired tours, Beyoncé’s…

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