If I sell clothing items through Poshmark, Tradesy, ThredUp, etc.
1) do I need to complete a 1099
- Is there a certain threshold amount?
- What if I use store credits to purchase goods?
- What if I receive a payout and am payed through Venmo, PayPal, etc?
2) if yes, how should I document items sold if they were purchased years ago and I no longer have a record of the purchase.
Thanks!
