For Poshmark, I have all the data but it's really hard to figure out where to put it. It should be straightforward. I'm a seller of things i have and things i have resold. Where do I put these items?
1) 1099 K box 1a $25,266
2) Amount of cancellations/refunds $2,562 (total gross should be $22,684)
3) Net income after posh fees $18,124
4) Cost basis (cost into sold items) for 2024 items $16,024 (therefore I had a profit of $2,100)
5) All expenses - supplies, miles, boxes, shipping, home office, internet, phone, bank fees) totalling $5,215.
This is a loss of $3,125.
Thank you if someone could figure this out. This should be common to Poshmark sellers.
