If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.
You won’t need that unless you get audited, which is highly unlikely unless you’re doing questionable things consistently, and even then they probably wouldn’t care enough to look into a single bike sale too deeply.
I’ve been audited. It wasn’t that difficult and I didn’t need every last individual scrap of information