New rules are yet again in store for 2025 sales of tickets and other goods and services online.
Sellers flagged as 'business' or 'professional' sellers on platforms may get 1099-K forms at lower internal thresholds, experts say, even without hitting the federal limits.
If casual sellers lose money on ticket sales, they shouldn't expect a tax break.
No time is better than late summer to be optimistic about our sports teams, including both the Detroit Lions and the Detroit Pistons. And season ticket holders who are eager to defray high costs could start thinking about selling some tickets at a profit to recoup expenses.
But seller beware: You'll want to take a timeout to review the tax rules.
We're talking about one of the more confusing shifts in tax rules relating to paperwork in rece