Reselling Tickets for Taylor Swift's Tour and Other Popular Events Can Mean Big Money. The IRS Is Aware [CNET News]
PayPal Holdings, Inc. (PYPL)
Last paypal holdings, inc. earnings: 1/29 04:15 pm
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Source: CNET News
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. You may not receive a tax form for your profit, but you still need to report it when you file your taxes next year. For this year, there's a new tax reporting rule that requires personal or business accounts that receive $20,000 in payments from over 200 transactions to receive a 1099-K. But whether you receive the form or not, if it's income, the IRS needs to know about it. Report any profits from reselling tickets on your taxes Anytime you make a profit from reselling goods or services, it triggers a taxable event. So, for example, if y
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News
- Larry Ellison bought an entire island and Jeff Bezos owns a $78 million property there, but eBay's reclusive founder is Hawaii's richest resident [Business Insider]Business Insider
- 20 Fastest Growing Fintech Companies In 2024 [Yahoo! Finance]Yahoo! Finance
- Help! My Bank Failed. Now What? [CNET News]CNET News
- What Will PayPal Stock Be Worth in 2025? [Yahoo! Finance]Yahoo! Finance
- PayPal Holdings, Inc. (NASDAQ: PYPL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
PYPL
Earnings
- 4/30/24 - Beat
PYPL
Sec Filings
- 5/2/24 - Form DEFA14A
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- PYPL's page on the SEC website