A new law will require ticketing platforms to tell the IRS about users who made over $600 this year.
AdvertisementAdvertisementBut this year the topic of ticket resales has made headlines, as prices for big events surged.
The average price for a Beyoncé concert ticket averaged $380, while fans wanting to see Harry Styles live needed to fork out an average of $400, the Journal reported.
CHANDAN KHANNA/Getty ImagesThe resale of Taylor Swift's Eras Tour tickets has caused the most commotion, as hugely inflated prices, fake ticket sales, and site crashes angered her fanbase.
One Swiftie said she even saw some ticket prices for a Swift concert going for more than $30,000.
Persons:
resales, Lionel Messi, Harry Styles, CHANDAN KHANNA, Swiftie
Organizations:
IRS, Taxation, Service, American, Ticketmaster, Street Journal, MLS, Inter Miami CF
Locations:
Wall, Silicon