New Rule Requires Broadway Scalpers to Reveal Sales

Uncle Sam is coming after scalpers.

Enacted as a part of the American Rescue Plan Act, a new rule requires resale ticket platforms like Ticketmaster and StubHub to report any users who made more than $600 from selling tickets to Broadway shows and other events in 2023 to the U.S. Internal Revenue Service. Each reseller will then be forced to file a Form 1099-K and could pay additional taxes on any profits.