Sports fans looking to sell tickets for a profit need to be aware of changing tax rules in 2025. The threshold for receiving a 1099-K has reverted to $20,000 in payments and over 200 transactions. However, even if you don’t receive a form, you’re still required to report profits from ticket sales. Detailed records are crucial to avoid IRS audits and penalties.

Casual ticket resellers may not receive a 1099-K unless they exceed both high-dollar and high-transaction thresholds. Some states have lower 1099-K thresholds, and platforms may issue forms below the legal threshold. Sellers flagged as “business” or “professional” may receive forms at lower internal thresholds. It’s important not to ignore a 1099-K, as the IRS has received that information as well.

The IRS has retroactively restored reporting requirements for the 1099-K to $20,000 in payments and over 200 transactions. Sellers must still report income on their tax returns, regardless of whether they receive a 1099-K. The rules do not change how income is calculated or what counts as taxable income. Resale platforms provide information on when they will send out 1099-K forms, but sellers need to track their own numbers to know when taxes are owed.

Read more at Yahoo Finance: Selling your football tickets for big money? When you can expect a 1099-K