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Do you pay taxes when reselling tickets if you don't use an online platform? Yes, the tax reporting requirements are the same, regardless of the platform used to sell concert or event tickets.
When a ticket reseller buys concert tickets at a lower price and sells them for a bit more, they make a profit. Here's how to sell concert tickets to make an extra buck on the side.
Ticket resale (also known as ticket scalping or ticket touting when done for profit) is the act of reselling tickets for admission to events. Tickets are bought from licensed sellers and then sold for a price determined by the individual or company in possession of the tickets.
Ticketmaster is subject to numerous controversies and lawsuits, alleging violations of various laws. The platform charges a fee on tickets purchased and resold on the platform. The fees from ticket sales can account for a large percentage of overall ticket costs and have received scrutiny from regulators, customers, and musicians.
Scammers also use social media platforms and online marketplaces like StubHub to list tickets that seem too good to be true (e.g. front row seats for a fraction of what they actually cost).
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. By 2015, it was the world's largest ticket marketplace. [1][2] While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per ...
A ticket exchange, also known as a secondary ticket outlet, is a market where tickets are bought and sold. Ticket exchanges allow people to buy and sell tickets online. Typically, ticket exchanges are used by individuals wanting to buy or resell tickets from other individuals rather than from the event the ticket is for.
Live Nation is an American events promoter and venue operator based in Beverly Hills, California. Founded in 1996 by Robert F. X. Sillerman as SFX Entertainment, the company's business was built around consolidating concert promoters into a national entity to counter the oversized influence of ticket behemoth Ticketmaster. In 2000, the company ...
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