Ticketmaster Download Your 1099 K
Bree Killoy
The IRS and some U.S. state tax authorities may require Ticketmaster to report the amounts your fans earn from selling or reselling tickets on any of our U.S. marketplaces. Ticketmaster is required to file a Form 1099-K report with the IRS when the gross revenue received from transactions on our U.S. marketplaces meets or exceeds $600 in a calendar year per seller.
For fans who meet or exceed this $600 threshold, Ticketmaster will provide a copy of the Form 1099-K. Generally, fans should expect to receive this form by January 31 of the following calendar year. On this form, Ticketmaster is required to include the gross amount of all reportable transactions the fan made during the calendar year. The gross amount may include the price of the tickets resold, as well as fees and other amounts related to ticket sales, without adjustments for credits, discounts or refunds. Fans who do not reach the threshold of $600 in any calendar year will not receive a Form 1099-K from Ticketmaster.
Once you login and submit your taxpayer information on our secure Seller Tax Details page, Ticketmaster will submit your information to the IRS for verification. To avoid issues with processing, please ensure that the name you provide in the form matches the name that you use for tax purposes, and that all fields are entered accurately. Ticketmaster will never ask you to provide this information over the phone or in an email. Once verified, Ticketmaster will send you a confirmation via email.
For 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 amount does not exceed the federal or state reporting thresholds, you will not receive a Form 1099-K for that tax year. If you have any questions about tax reporting or filing, please consult your tax adviser. Learn more about the Form 1099-K.
If you exceeded the federal or state thresholds for the previous year, Ticketmaster will send you a Form 1099-K. You may also download it directly online via our Download Your 1099-K page (available after February 15, 2023). If you do not exceed the annual threshold, you will not receive a Form 1099-K. Learn more about the Form 1099-K.
To comply with federal and state withholding requirements, we are required to collect taxpayer information starting with your first completed sale. If the annual gross transactional amount of your sales does not exceed federal or state reporting thresholds, you will not receive a Form 1099-K from Ticketmaster. Learn more about the Form 1099-K.
If you are not a U.S. citizen or resident, you may not be subject to reporting or withholding requirements. However, Ticketmaster is required to verify your non-U.S. status to comply with IRS regulations. To avoid delays with processing your payout, please make sure that all fields are entered accurately. As a reminder, Ticketmaster will never ask you to provide this information directly over the phone or via email. Learn more about the Form 1099-K.
Been trying to work through this bullshit all day with them. They included the buyers commission in the sellers invoice and reported that total on my 1099-k...I'm assuming they did it for everyone (not sure if they did this last year as well because I didn't receive one from them). If anyone cares let me know and I'll update this as I work through it.
First-time season ticket holder. Sold 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"
However, the amounts are off? Total listing pricing for all the tickets I sold was $1832 of which I only received $1648.80 (as they took a 10% seller fee). Ticketmaster's 1099-K was for $2180.46 which appears to be fees and taxes they charged the buyers beyond my listing pricing? Surely that cannot be right? They can't include their buyer fees and taxes as "my income" on a 1099-K?
Resale profits are paid out 5-7 business days from the date of the resale transaction to your selected payout method. Tickets are not guaranteed to resell. For the best opportunity to resell your tickets, we recommend posting early and reviewing the current market rates to determine your posting price.
If you resell tickets, you will receive a notice from Ticketmaster to complete a Form 1099-K. This is required by the IRS and must be completed in order to receive your resale profits. Resale profits are typically paid out within 5-7 business days after the sale, as long as the 1099-K form is completed.
If you can't make a game, consider donating your tickets to VetTix! Vet Tix provides tickets to all branches of currently-serving Military and Veterans, including immediate family of troops KIA. Ticket donations can be made through Seahawks Account Manager up until 48 hours prior to kickoff.
You may be subject to new IRS reporting requirements if, as in that example, you resell your ticket(s) online and profit at least $600. Form 1099-K reporting rules apply if you sell goods or services online and receive payment through third-party payment networks like Stripe, PayPal, Venmo, and others.
Many businesses are subject to 1099-K reporting requirements. A few examples include popular platforms like Etsy, Depop, eBay, Poshmark, etc. (But this is far from an all-inclusive list.) If you need clarity on whether you will receive a 1099-K for 2023, most of these sites have information on their websites that can help.
Unless something changes legislatively (some groups are asking Congress for 1099-K relief for casual online sellers), the $600 rule will apply for the 2023 tax year (i.e., federal income tax returns that are normally filed in April 2024). That means if you received payment (for goods or services) of $600 or more through online platforms this year, you will likely receive a 1099-K form by January 31, 2024, to use when you file your 2023 federal income tax return.
However, whether you receive a 1099-K or not, it is important to report any taxable income on your federal income tax return as required by the IRS. (This typically includes profits from reselling concert tickets.)
Visit Ticketmaster's Seller Tax Details Form and sign in using your Ticketmaster account information. Once logged in you will be able to enter information like your legal name, citizenship status, Tax Identification Number and address.
1099-K TAX FORM UPDATEPer the American Rescue Act of 2021, the IRS changed the reporting thresholds for e-commerce sales such that Ticketmaster is required to issue 1099 forms to sellers who earn more than $600 annually from sales on a Ticketmaster U.S. marketplace (including NCAA Account Manager). All fans and patrons who listed tickets for sale on a Ticketmaster U.S. marketplace were notified of this requirement.
If you exceeded the federal or state thresholds for the previous year, Ticketmaster will send you a Form 1099-K. You may also download it directly online via their Download Your 1099-K page. If you do not exceed the annual threshold, you will not receive a Form 1099-K. Starting in 2023, the federal reporting threshold will be $600. Learn more about the Form 1099-K.
On December 23, 2022, the IRS announced that calendar year 2022 will be treated as a transition year for the reduced reporting threshold of more than $600 that was to go into effect for information returns due in 2023. See Notice 2023-10. Pursuant to Notice 2023-10, for calendar year 2022, third party settlement organizations who issue Forms 1099-K, Payment Card and Third Party Network Transactions, are only required to report transactions where gross payments exceed $20,000 and there are more than 200 transactions.
The gain on the sale of a personal item is taxable. You must report the transaction (gain on sale) on Form 8949, Sales and Other Dispositions of Capital AssetsPDF, and Form 1040, U.S. Individual Income Tax Return, Schedule D, Capital Gains and LossesPDF. See Publication 551, Basis of AssetsPDF, for guidance in determining your basis.
The loss on the sale of a personal item is not deductible. For calendar year 2022 tax returns, if you receive a Form 1099-K, for the sale of a personal item that resulted in a loss, you should make offsetting entries on Form 1040, U.S. Individual Income Tax Return, Schedule 1, Additional Income and Adjustments to Income, as follows:
A. Generally, if you hold a personal item for more than one year before you sell it, your capital gain is long-term. If you hold it one year or less before you sell it, your capital gain is short-term. For additional guidance, see Publication 544, Sales and Other Dispositions of AssetsPDF.
A. You should include all fees (e.g., selling fees, payment processing fees, etc.) associated with the sale of your personal items in your basis when computing your gain or loss on the sale. See Publication 551 for additional information. In general, you should adjust your gain or loss on the sale of your property by the amount of expenses and fees paid to facilitate the sale. If you realize a gain on the sale of your property, report the selling expenses as a downward adjustment to the gain that you report on Form 8949 or Schedule D.
Box 1a of the Form 1099-KPDF reports the gross amount of payment card/third party network transactions. This amount is not adjusted to account for fees, refunds, chargebacks, or other costs included in the unadjusted dollar amount of the payment transactions. If the Form 1099-K reports the total unadjusted dollar amount of the payment transactions and you separately paid selling expenses, you may need to make a separate adjustment to the resulting gain or loss. You should maintain and consult your own records to determine these amounts.
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