Hello everyone! I recently ramped up my ebay business and now need to complete a 1099k. This is my first time doing this. A majority of my inventory was bought in prior years (2017-2018). I was basically stock piling it so i could have enough to start a new, decent sized store. Sorry if this is a stupid question, but do i have to do anything special because this inventory was bought in a year other than 2019? Do i just add up all my receipts from those prior years and add it in with my 2019 costs?
Also, a majority of my receipts just say (electronic item - $12) for example, since a majority of it is from thrift stores. Will this be a problem for me? I know i should have been labeling them and taking more precaution. But i didn't label them all... Any help is appreciated. Thanks!!
