I am using Turbo Tax Deluxe and entered it under Business Items. I entered what I sold the item for along with what I purchased it for if it was a new item. If it was a used item, I listed what the original price was if I could remember or I did a best guesstimate.
As for my inventory, I don't know what it was worth on January 1, 2022, so again, I did a guesstimate based on the figures I see in Poshmark.
So, are you saying I should use my Poshmark Sales Report that I filled in and use that in the Schedule C form?
Thank you.
