It's been difficult finding steady employment. So I'm currently unemployed and living on savings, plus the side money earned from selling used goods on eBay, Poshmark, Mercari, etc.
My used good though, are designer items and pricey. Things I've collected when I was younger and impulsive. I've been having some bad luck, so I've been selling off a lot of those valuables, like solid gold/ diamond jewelry, vintage designers, rare items, collectables, etc, to foot my bills and my pets bills. I expect my 1099k to be somewhere around 14k. But I have sold all of these items at a loss.
Can I still file it under other income as Hobby income, or will the 14k seem too much like a business and trigger an audit? I don't quite understand what I should be filing as.
And if I am reporting a loss, or at the least 0 net profit, where do I submit my original receipts to prove it? Or do I not need to, unless there is an audit?
Thank you for the help.
