Glaw
New Member

Poshmark and Ebay sales

All of the posts I've seen so far pertaining to online sales for the current tax year (2022) assume that 1099 forms will be mailed to sellers whose sales exceed the current threshold of $600.  This is apparently not going to be the case for those whose sales do not exceed the prior threshold of $20,000.  Will the total sales amounts be reported to the IRS by the different platforms despite the fact that they are not providing to the sellers the amounts they may be reporting?  I ask because I have read that some sellers have received 1099s (possibly those that exceeded the prior threshold) and the sales amounts were grossly overstated.  I am very concerned about increasing my chances of an audit.