I also have season tickets, and I often sell them at below cost. Go to 'My tickets' then Listings Find the listing Your expected payout is under the price you set per ticket Was this answer helpful? I hope the losses count towards my profits. On both sites, as a seller you enter the "price" per ticket you want the ticket/s to sell for and it tells you how much you'll get back. StubHub Seller FAQ | UNItix - University of Northern Iowa I had tickets that sold on a different platform without me knowing. StubHub Selling Fees Calculator: Understand In-Detail Whatever reseller web site you use you they are required to issue a 1099K form if you hit $600 in Gross Sales. Privacy Policy. Access the latest deals and promotions by visiting the link, featuring a constantly updated list of coupons, promo codes, and discounts. In fact, we can help you request fee waivers for any company. How much does the government need to nitpick? Let's say you intended to sell a ticket for $100 through StubHub. For more information, please see our What if I used a resale certificate to purchase tickets I am selling on StubHub? As a result, StubHub will begin the process of calculating, collecting and remitting sales tax from buyers for tickets purchased for events in relevant jurisdictions beginning on October 1, 2020. On top of that price, Stubhub adds a "Buyer's fee" which fluctuates based on demand for the event and other factors. Will it go to collections? So what is the consequence? By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. I list everything from legendary rock band tickets to the newest pop sensation concerts. It just won't be the default. As with any tax matter, you should discuss this question with your tax advisor. Reddit, Inc. 2023. StubHub: $245 - $542. As a result, StubHub will begin the process of calculating, collecting and remitting sales tax from buyers for tickets purchased for events in relevant jurisdictions beginning on October 1, 2020. Scan this QR code to download the app now. This may change over time depending on ticket supply and marketing costs. Help us improve this article with your feedback. When they sell, we collect a sell fee. Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type. 02. Help us improve this article with your feedback. As long as you deliver your tickets as promised and on time, this is the only StubHub fee . I now have to keep all transactions and submit them for my taxes. I know this isn't a tax code reddit but any thoughts on how that's going to be handled? Do they pay taxes on what they steal? StubHub's fees to sell tickets Print. The NFL forbids selling for more than face value. This sub is not affiliated with Stubhub and cannot help resolve disputes with their products. While the requirement to provide the IRS a clients earnings in a "Payment Card and Third Party Network Transactions" 1099-K it's always been optional. Now it's 10% flat, but they brought back hidden fees that the buyer doesn't see til checkout. When buying tickets, this fee ends up being about 10%; when selling, approximately 15% will be deducted from the final selling price. . your expected payout if the tickets sell in the 'Listings' section. After the switch, you will enter the email address you use to access the community in order to reset your password. There will be one key difference between the old fee pricing system and the new one, effective Tuesday: Visitors will be still be able to view "all-in" prices through a preferences menu. The answer of "it's done on your tax forms" doesn't always apply to those taking a standard deduction. You'll be taken to StubHub to list your tickets for sale, and much of the info about your tickets will already be filled in for you. Learn more about how we make money. Theyre now telling me i will be charged 100% of the ticket price! No fees paid, no tickets to sell. This seems excessive and shady, especially since I can't find any documentation of how they calculate their fees. This year they reduced the fees on sellers but raised them on buyers. Click for StubHub Seller Fees Calculator . Processing / Fulfillment Fee. Yes, StubHub is legit. The event isn't for months but I understand there are consequences for not fulfilling the promise of uploading the ticket on the date I agreed to. So this is now a national federal law so no way to avoid it. this link is to an external site that may or may not meet accessibility guidelines. You can do this by editing your listings directly on StubHub in your Profile, under, If you utilized a resale certificate to purchase the tickets you are listing for sale on StubHub, then you did not pay tax on those tickets. Stubhub also states that tickets must be delivered by 1 sale date + 1 business day, which I technically just did . This may change over time depending on ticket supply and marketing costs. The amounts they put on the tax forms they issue for sellers show the sales totals before fees and not the lower amounts actually paid out. Received this email today about the tax implications of selling on Stubhub in 2022. All Rights Reserved. You will enter your community username and new password and done! We are changing the way you register and sign-in to the StubHub Community. Every year there's a new fee structure. For simplicity, we can consider an average of 12.5%. 7 calle 1, Suite 204 No. I spoke to them and they said nothing they can do. They survive on legal loopholes which have never been closed. That is what they are telling us. Privacy Policy. A lot of thoughts are flying through my mind. What states will StubHub be collecting sales tax in? I sell my extra seats if friends and family don't use them to try and break even, on what they originally cost me. It used to be 10-15% plus a $1.50/ticket fee. This is one of the StubHub fees for seller that you should be aware of. As long as you deliver your tickets as promised and on time, this is the only StubHub fee you'll ever pay. Just sign in to your UNItix account, select the game and tickets you want to sell, and click 'Sell'. I can understand a "professional scalper" who truly makes an actual "income" on the re-selling of event tickets, but for many of us it's just a means of breaking even. Lindsay is the author of this solution article. StubHub Taxes 2023: Write-offs, Taylor Swift Ticket Sales and More - Keeper As long as you deliver your tickets as promised and on time, this is the only StubHub fee you'll ever pay. I'm not asking Stubhub to provide tax advice. The seller fee is usually 15% of the ticket price, but it can be higher or lower in some cases. for an active listing as long as you do so before the listed ticket sells. For more information, please see our Guaynabo, PR 00968, By clicking "Continue" I agree to receive newsletters and promotions from Money and its partners. A: StubHub only charges sellers when tickets are sold. Does that mean I will still get charged a fee? Purchasing from StubHub means "Tickets will be 100% . All rights reserved. Did you find it helpful? My concern is it went from $20,000 to $600 gross sales. You can do this by editing your listings directly on StubHub in your Profile, underListings. By rejecting non-essential cookies, Reddit may still use certain cookies to ensure the proper functionality of our platform. And of course they're still making 25% . Sorry, I did not mean to start a rant. Why am I being asked to provide thePurchase Price Per Ticketin StubHubs sell flow? User Agreement, Privacy Notice and Cookie Notice. Around 28% of ticket price. Maybe. This is critical information because we need to report our income from sales to the IRS starting this tax year. Have a good day, everyone, and lock your doors. StubHub's fees help us create a safe, global ticket marketplace. Service Fee. StubHub's ticket fees : StubHub Sell your tickets with StubHub! Is the IRS going to allow me to deduct the booster fee, the StubHub fee, and the original cost of the tickets to my 1099-K income? I just began selling some tickets on StubHub and have noticed that within a few minutes, someone always prices their ticket about 5 cents less than mine like clockwork. Yes No Still Need Help? The fees on any sale are there for a few different reasons, with our main focus being to provide a positive experience for all of our fans. https://money.com/stubhub-fees-all-in-ticket-prices/. and our Stubhub Pricing Calculator - Blogger Expected payout if StubHub tickets sell : StubHub Sales tax FAQs : StubHub The Stubhub (and similar other) platforms should be shut down; permanently. What happens if I misstate myPurchase Price Per Ticket? This is a tax law that was shoe horned into the Reocvery Tax Act. Why did StubHub change this??? We have the answers to all of your questions about StubHub's fees, and as an added bonus, we'll show how to minimize the egregious service fees that StubHub charges. I don't feel like paying Stubhub's taxes for them. Then click 'Export Payment Info' to download your sales and payment history to Excel. The reason for the reversal appears to be that all-in pricing, while seemingly . If Stubhub cares how much business they get, they'll help get an answer to this question for their customers. I'm saying that if Stubhub cares about how much business they get, they'll get to work on getting the IRS to provide clarification on this issue. The 1099K shows Gross Sales so yes you will be able to deduct your ticket cost and any selling fees so your tax burden is on the Net Profit, not the Gross Sales. In California, they do not prosecute unless it is over $1,000. that's more than 100% of the listing. 01. Can I edit existing listings to include the original price paid? If you don't pay the fee, you don't get the tickets. Did you find it helpful? 4 Things to Know About Buying Tickets on StubHub - The Motley Fool You should leave the. Reddit, Inc. 2023. I would not expect things to ever get any easier in this area. Is there a way out of this. And most online services didn't "out" their clients requiring them to report this income should they decided not to volunteer it. Or having more than one account in another name, a spouse, child, to distribute the sales income? Less than two years ago, StubHub opted for an "all-in" pricing structure, in which tickets for concerts and sporting events are listed at the true price paid by consumers, including all fees. and our It has led me to believe that they are running some type of script or program that does this for them. All rights reserved. Cookie Notice We will automatically calculate sales tax for events in jurisdictions where StubHub is collecting and remitting. 1. All rights reserved. Reddit, Inc. 2023. Are all resale ticket sites doing this? But here's what the StubHub site says for the same sale: Math isn't my strength, but do they REALLY get to keep 43 percent of the sale ($26.01 out of $60)? StubHub Seller Fees Calculator : r/OffersOpaline - Reddit Even if selling on some marketing site. Mysterious seller fees on StubHub : r/stubhub - Reddit For example, if you sell a ticket for $100, you will pay a $15 seller fee to StubHub, and receive $85 as your net payment. I am not a tax expert but I would beleive that booster fees are deducted as a charitble contribution. It's free to list tickets on StubHub! New Seller Requirements (1099s) : r/stubhub - Reddit StubHub Pricing Calculator Enter Your Buyer's Price: Enter Your Price: Enter Your Payout: Buyer's Price: ? We are changing the way you register and sign-in to the StubHub Community. StubHub charges a fee when fans buy and sell tickets on our site There is no set percentage for fees, and fees can change based on ticket price, time to event, updated event information, and supply and demand Our fees and prices are competitive with other marketplaces It's complicated and tricky but I can always get all the numbers to match up at the end of a year. All Rights Reserved. To get started, simply visit the website and find the perfect coupon, promo code or discount deals for you. Are there events or event types that are exempt from sales tax? The latter category resulted in substantially higher sales, StubHub President Scott Cutler told the WSJ. Not even delivery charges.". What are Stubhub's seller fees? Customer service all the way to your seat, 2000-2022 StubHub. By accepting all cookies, you agree to our use of cookies to deliver and maintain our services and site, improve the quality of Reddit, personalize Reddit content and advertising, and measure the effectiveness of advertising. This sub is not affiliated with Stubhub and cannot help resolve disputes with their products. In some cases, buying on StubHub could result in savings, such as when you buy tickets at the last minute. Follow the on-screen steps to set your price and choose how you want to be paid. A number of jurisdictions have established laws that require marketplaces like StubHub to begin collecting and remitting sales tax. We've compared Ticketmaster's vs StubHub's fees below: Ticketmaster. Tickets are sold at a way higher price than what the buyer receives (after the ridiculous fees Stubhub charges both the buyer and the seller). It seems like in the past week or so, the Completed Sales web page no longer lists the Service Fees associated with ticket sales. How does this impact my personal income taxes? Tickets for certain events may be exempt from sales tax based on state and local tax laws. Your receipt or the actual tickets may or may not separately show this tax amount. StubHub: $128 - $155. All Rights Reserved. Reddit, Inc. 2023. In the case of audit, inaccurate information can shift responsibility from StubHub to the seller. Answer (1 of 6): Not fair to consumers and actually the platform is a criminal violation of 'intents' behind scalping laws. I fear it may be us casual, everyday event ticket sellers, will go to another site, or try a different way of avoiding a 1099-K. On the StubHub app: Tap 'Filter.' Under 'Popular Filters,' select the 'Show prices with estimated fees' toggle. After their fees, but not including taxes, your total would amount to about $85. StubHub charged me $840 cancellation fee. Yes, you can correct thePurchase Price Per Ticketfor an active listing as long as you do so before the listed ticket sells. You should leave thePurchase Price Per Ticketfield blank. For example, if you made $5,000 USD in ticket sales and were charged 10% ($500 USD) in sell fees, StubHub will report . 1099s are used for self-employment / side income usually under some sort of business or LLC. This may change over time depending on ticket supply and marketing costs. Sorry we couldn't be helpful. If so, how much? They raised the value amount you can "grab and go" before it becomes a felony. The $600 is ridiculously low for gross sales. I'm sure all accounts got an email that StubHub says it is required by "IRS regulations" to submit a 1099-K to the IRS on any members making over "$600 profit" on ticket sales for the year 2022. I'm wondering about booster fees as well. Customer service all the way to your seat, 2000-2020 StubHub. Am I going to be taxed on the sell price or the amount of money I actually receive? Use of this website signifies your agreement to our. For context I'm a full season ticket holder for my local MLB team and sell way more than $600 worth of tickets over the year. All rights reserved. How to file your StubHub taxes Troubleshooting your StubHub taxes Do you have to pay taxes if you resell tickets on StubHub? For more information, please see our All rights reserved. Nothing more will be added to your cost. StubHub has been using fuzzy math in this area for years. And most online services didn't "out" their clients requiring them to report this income should they decided not to volunteer it.