Wall Street Journal.In line with the new law – which is part of the American Rescue Plan Act – companies such as Ticketmaster and StubHub will have to report if customers sold more than $600 in resale tickets in 2023.Companies initially had to send a 1099-K form – an information return that reports the gross amount of reportable “payment card and third party network transactions” for the calendar year – to those who made more than $20,000 (£16,340) through 200 or more transactions in a year.Now, that number will change to $600. “Payment apps and online marketplaces are required to file a Form 1099-K if the gross payments to you for goods and services are over $600,” the IRS said in a statement.“The $600 reporting threshold started with tax year 2023.