If you resold Taylor Swift Eras Tour tickets, the IRS is watching — A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty::A new rule from the IRS is punishing those who resold tickets for more than $600 in profit with a tax penalty.
You should not be paying tax unless you turned a profit on the sale.
You’re right but, If you bought the bike years ago there’s a strong chance you no longer have the receipt/invoice.