Did you luck into tickets to a popular show, like Taylor Swift’s Eras Tour, only to find out you can’t make the date? If you’re looking to resell tickets for a profit, you’ll need to include that income on your taxes.
“The profit you make is considered income and the sale should be reported on your tax return,” said Mark Steber, senior vice president and chief tax information officer at Jackson Hewitt Tax Service. And there aren’t any exceptions — even if it’s a part-time gig or just for fun. If it’s money earned, it needs to be noted on your tax return.
