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Self-reporting income for items sold through a consignment store
I sent some items to a particularly active consignment service so they could sell them for me. The gross proceeds of this were more than $600, a limit I see being thrown around often, but the net was slightly less than $600. I asked them about tax forms, but they said that they did not send those out.
I have a record of how much the consignment store paid me for each item, as well as how much each item cost me to obtain to begin with.
How do I report these sales? What form do I use, since I'd be making the form myself? There isn't much info about this, and most pages just say that they should send tax forms.
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‎April 2, 2023
6:18 AM