WebJan 9, 2024 · re: I just got a message from Ticketmaster about a 1099 Posted on 1/9/22 at 6:41 pm to Phate quote: You’ll have to report the income but it’ll be offset by the cost of … WebJan 1, 2024 · Through 2024, the reporting threshold was $20,000 prior to having a 1099 triggered. Big, big difference. I used our four tickets as an example, only. Ticketmaster is the "payment app" company in this example. Hence, we reached the 2024 threshold in just the first week of the year. This does not take the 2024-2024 football season into …
Seller Tax Details - Ticketmaster
WebDec 29, 2024 · Effective January 1, 2024, SeatGeek, and other marketplaces, are required by the U.S. Internal Revenue Service (“IRS”) to issue a Form 1099-K for all sellers who receive gross payments of $600 or more from sales on their platform. This means, we’ll ask each seller to provide certain personal information (“Personal Information”), such ... WebFeb 10, 2024 · A Form 1099-K reports the gross amount of payment transactions from credit cards, digital payments via third-party networks (like Venmo and PayPal), and other freelance platforms that manage payments between two parties. Form 1099-K will only report third-party network transactions if they exceed the minimum threshold of $20,000 … it georgie death book
1099K Season Tickets cost basis - Intuit
WebMar 12, 2024 · It is the 1099-k thing. I logged into the ticketmaster.ca site and did a search for 1099-k in their help section. It is apparently legit. What was throwing me off was that I asked for a seller credit to apply against next year’s tickets. So really no “payment” forthcoming. ... (I just ask for a credit, too). WebSold my tickets to the Steelers game via Ticketmaster. Received an email from them asking me to complete an online form before they can pay me. It went on to say "We are also generally required to file a Form 1099-K report with the IRS if the gross amount of your sales on our marketplaces is $600 or more in a calendar year". WebFor any tax year in which a Form 1099-K is required, Ticketmaster will typically provide a copy of the form by January 31 of the following year. If your annual gross transactional … it gets better swedish house mafia lyrics