Hello Tiki,
I saw this post and want to run the consignor's pymts. thru purchases in COGS? Is this legit? Can I do this without running into problems with the IRS. They told me that I have to report the exact amt. from my 1099K as my sales amt. on Sch. C. Just want to make sure I can do this. Is there any documentation from the IRS about this?
