- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
IMO, "have profited" implies selling for More than what was paid for items, thus requiring Schedule C. The 20% paid to Poshmark would be a deductible expense (line 10, Commissions and Fees, on Sch C); You will owe taxes on any net profit after expenses; TurboTax will automatically complete Sch SE if required.
May 31, 2019
5:51 PM