I sold on Poshmark last year and made over $600, but 1099's were not issued last year on the smaller amounts. I am filing based on my sales report and what I my loss/gains were as well. Turbo Tax wants to know how much my inventory was worth, but I don't know since it wasn't a business so much before 2022. Would a guesstimate be okay if I use that going forward? I know I have a loss overall when I figure in my losses and gains on some of my inventory, but my refund is showing much larger than I would have expected.
Thanks.
