Ask an AI Accountant
A free tool by
For tax purposes, income is generally considered earned when you have the unrestricted right to receive it. Since you sold the Taylor Swift ticket in December 2022, it would typically be considered income in the 2022 tax year, even though you'll receive the money in May 2023. Make sure to report the income on your 2022 tax return.
Since individual taxpayers are taxed on cash received during the year, the seller would not pay anything for their 2022 taxes since they weren't paid by StubHub.
Keeper’s AI Accountant
Track and claim every eligible deduction with Keeper
Keeper is the top-rated all-in-one business expense tracker, tax filing service, and personal accountant.
0
Keeper users have found write-offs worth
$
0
0
Keeper users have found write-offs worth
$
0