Are you sure? The American Rescue Plan Act lowered the threshold of $20,000 to $600, plus I already got notified by Poshmark I will receive a 1099-K. I understand there's a self-employment tax of 15.3%. I used to work freelance and had put aside money for when reporting. I was just wondering if this is a similar scenario since I didn't save receipts for everything I am reselling in my closet or handmedowns like clothing and jewelry.
