Who does this apply to?
This applies to individuals and businesses who sell tickets through AXS Official Resale. AXS Official Resale and receive payment(s) from AXS, including non-U.S sellers, when applicable.
Overview of 1099-K
The following is for general guidance only and is effective as of January 1, 2026. AXS cannot provide tax advice. You are responsible for reporting any taxable income related to your resale ticket transactions. Please consult your tax advisor about your Federal and/or State tax reporting requirements.
Learn more about Form 1099-K here: Understanding Your Form 1099-K and Form 1099-K FAQs
What is a Form 1099-K?
IRS Form 1099-K (Payment Card, and Third Party Network Transactions) is an information form that reports the total gross amount you received from ticket resale transactions through AXS Official Resale. The form assists you in determining what income to report when you file your tax return.
The IRS and some state tax authorities require AXS to report the amounts you or your business receives from resale transactions using Form 1099-K if established thresholds are met. Beginning with the 2025 tax year, the federal threshold is reached when the total amount of payments you receive from ticket resale transactions through AXS Official Resale exceeds $20,000 in more than 200 transactions. You will receive a Form 1099-K from AXS if you meet either the federal threshold or the threshold for your state as provided in your tax profile.
If you do not meet federal or state thresholds, AXS will not issue a form 1099-K; however, you are still responsible for tracking and reporting your taxable income.
Learn more about Form 1099-K here: Understanding Your Form 1099-K and Form 1099-K FAQs
How will AXS collect my taxpayer information?
Each calendar year, when your ticket resale transactions in your AXS account exceed pre-determined thresholds, AXS will prompt you to complete a secure Taxpayer ID intake form when you are logged into your AXS account. AXS will never ask for your tax information by phone, email, or chat.
AXS has partnered with a third-party database solution provider to collect your information via a tax profile. To ensure accurate tax reporting is provided to the IRS, we will ask you to provide the following:
- Contact information (mailing address, e-mail address, phone number)
- Legal name (as it appears on your tax return)
- Taxpayer Identification Number (TIN) - In most cases, your TIN is either a social Security Number (SSN), an Employer Identification Number (EIN), or an Individual Taxpayer Identification.
To avoid delays in processing, ensure that the information provided to AXS matches what you use for tax return purposes (same full name and TIN). Your TIN on file ensures that AXS can give you, the IRS, and state tax agencies your Form 1099-K, as required by applicable state or US tax law.
If you fail to provide us with your TIN, your account disbursements will be suspended until you complete the Taxpayer ID Intake form.
In accordance with AXS’s Privacy Policy, your personal information will be stored in strict confidence and processed only to comply with applicable economic sanctions programs, including those administered by the U.S. Department of Treasury Office of Foreign Asset Control.
How can I complete my Taxpayer ID Intake form information?
Each calendar year, if your unadjusted gross sales in your AXS account exceeds the defined minimum thresholds, when you sign into your AXS account, you will be prompted to complete a Taxpayer ID Intake Form by clicking Complete Form. We recommend using a desktop browser with no pop-up blockers when completing the form.
From desktop:
- Sign into AXS Account.
- Click Your Account.
- Click Payments.
- Click Complete Form.
From AXS App:
- Sign into AXS App.
- Tap Sales Balance.
- Tap U.S. Sales Balance.
- Tap Complete Form (You will be redirected to a mobile web browser and logged into your AXS account.)
- Tap Payments
- Tap Complete Form
NOTE: To keep your information safe, never send tax information via email, chat, or phone.
How will AXS calculate the gross sales amount of my transactions?
The IRS requires us to report your gross sales transactions on a calendar year basis for each month, once the applicable minimum thresholds have been met. The amounts reported on your Form 1099-K may not be your final reportable amount on your tax return.
The IRS reportable gross sales transactions for the calendar year are gross sales before adjustments for credits, cash equivalents, discounts, fees, related taxes, refunds, canceled events, substitutions, or any other adjustable amounts. Your original purchase price, selling fees, or related taxes are not deducted from the reported unadjusted gross sales amount.
For example, if your total gross ticket resale transactions in calendar year 2024 totaled $6,000 and you were charged 7.5% in seller fees (i.e. $450) for those transactions, your IRS reportable gross payments would be $6,000 for those transactions in that calendar year. The gross sales amount is reported on Form 1099-K, not the net payment paid to the seller.
Ask your tax professional about the amounts you may need to report on your tax return. You are responsible for reporting amounts and deducting any fees, local taxes, or charges to sell your tickets.
What if I have multiple AXS accounts?
Fans with multiple AXS accounts used to sell tickets on AXS Official Resale will be subject to completing a Taxpayer ID Intake Form for each account with gross sales that meet the Form 1099-K reporting thresholds. Our third-party solution provider will combine the total gross sales from all of your accounts based on your TIN for a single Form 1099-K.
I am not a U.S. resident. Am I subject to these requirements?
You may not be subject to the Form 1099-K requirements if you are not a U.S. resident. However, if the information on your tax profile identifies you as a US seller (i.e. your address on file is in the US, or you receive payments in USD), we must issue you a Form 1099-K.
The IRS may require AXS to ask you for certain information to verify your non-US resident status. AXS will never ask you to provide this information via phone, chat, or email. To avoid issues with processing, please ensure that all fields are entered accurately.
When will I get my Form 1099-K?
Forms are issued by January 31st for the prior tax year if total aggregate gross sales and the number of transactions meet the IRS established thresholds. Click here to learn more: Understanding your Form 1099-K | Internal Revenue Service.
Click here to learn more: Forms are delivered electronically (if AXS receives electronic consent) or by U.S mail to your tax profile address. You will not receive an additional printed form in the mail for paperless delivery.
I want more information on the regulations that require AXS to file an IRS Form 1099-K for applicable sellers. Where can I read about these regulations in the Internal Revenue Code?
The regulations are under Internal Revenue Code Section 6050W. Click here for IRS frequently asked question regarding IRC Code Section 6050W
Please note that AXS cannot provide tax advice to sellers. For more information, we encourage you to visit the IRS website and consult with your tax advisor.
How do I update the taxpayer information on my Form 1099-K?
If your taxpayer information (contact information, legal name, or TIN) is incorrect on your Form 1099-K, please contact AXS Fan Support to assist you with making updates or corrections.
Can AXS provide me instructions on how to read IRS Form 1099-K and how to know what the different boxes mean?
Please refer to the IRS Form 1099-K instructions that can be found at: http://www.irs.gov/pub/irs-pdf/i1099k.pdf.
Can AXS help me with my tax return(s) or reconciling the amounts reported on my Form 1099-K?
AXS cannot answer specific questions about reconciling the amounts on your Form 1099-K or provide accounting, legal, or tax advice or guidance.
If you have questions, we recommend you speak with a tax professional.
What can AXS Fan Support help with?
AXS Fan Support can help with any of the following issues:
- You need to correct the taxpayer profile information (contact information, legal name or TIN) on file with AXS.
- It is after January 31st and you have not received your Form 1099-K (and you expected to receive one).
- You should be exempt from Form 1099-K reporting as an eligible non-US resident individual or business operating outside the US.
- You are concerned about the unadjusted gross amount reported on the issued Form 1099-K (Please see How will AXS calculate the gross sales amount of my transactions?)
To contact AXS Fan Support, please click Have a Question?
For all other assistance and inquiries, please contact a tax professional.