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reselling on Poshmark new changes 2025
Hello,
Thank you for your time.
I have been selling on Poshmark online reselling platform. It is like Ebay. These are items I have, like used clothing I am selling at a loss. I sold less than $3k of sales in 2024. I am in Wisconsin, so no 1099K was required or issued. I am trying to do my taxes on Turbotax. I am aware there is a "hobby" option instead of the more complicated self-employment" option. Where is this option and how do I know if I meet the criteria to use it. Online info shows 1040 and schedules, but that is not on the interview-style questionnaire of Turbotax.
Thank you and have a nice day.
March 19, 2025
11:12 AM