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Won't receive 1099-K because I don't reach the threshold. How do I enter my info?
I sell on Mercari (which is like ebay) items I don't use anymore just to clear up space. I've made close to $1700 but none of it is profit because I'm selling personal items. They won't send me a 1099-K because the threshold to receive one is $20,000/200 transactions and I'm no where near that. I've read around and have seen different ways to input the info with one being to enter as self employment? I would consider this to be more like a hobby than a business since I don't expect to make a profit. If the threshold is that amount currently does it mean I don't even need to provide this info anyway? Thanks in advance.
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‎February 5, 2023
2:30 PM