I own a physical store and have my own items that I have wholesaled to sell and I do consignment. I get a 1099K which reports total sales from my POS system, but of course not all of those are my personal sales. 50% of consigned items get paid to the consignor. I have to report total sales, but do not issue a 1099 because it is many people ranging from $1-$50, way under $600. I would imagine I would write this off under Miscellaneous as Consignment Fees or some other verbage?
