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In the past, ThredUp has given discounts of as high as 55% off. Hi, Returns 427. I was beyond stunned, and almost wish I checked the box to return it back to me. The clue is in the title. They photograph, upload and describe your items. Ive never tried Thread Up. Maybe you have an even better tip to turn your gently used clothes into cold, hard cash. These boots were worn only twice and were in pristine condition. Youll get no argument from me about the virtues of shopping on ThredUp. Here is why. You also may have to pay taxes on canceled debt, even if you fail to receive a 1099-C. What to do with it. My acct was w/CHASE bank, I disputed one item but the bank returned all of the money for that order to my acct. But, the IRS counts that amount as income to you, and the lender will send you a Form 1099-C with the amount of debt cancelation. Submit a complaint and get your issue resolved. If you're going to receive a 1099 form from Robinhood, these will be issued in mid-February for the preceding tax year. But what if you do handyman work for your neighbors business, Main Street Realty, LLC, and the business pays you $5,000? And it was impossible to see this in any pictures by the way. thredUP Thanks for letting me know your comment didnt go through FT, I think theres a glitch. We have a lot to share. Buyers took a quiz to determine their style and received a box of ten handpicked items designed to suit their looks. Awful experience! What you can do if your thredUP coupon code does not work. We welcome your feedback. Good luck! I want my items returned or paid the equivalent of what I lost because of their inability to handle incoming merchandise. The Goody Boxes had the advantage of delivering free shipping and a bundle of clothes to kickstart a capsule or seasonal wardrobe. Shop the ThredUp Black Friday and Cyber Monday sales. The thredUP app puts a thrift store in your pocket by letting you sell women's and children's clothing and accessories to declutter your space while making money all without much effort. But for a 1099-MISC form (with no data in Boxes 8 or 10), the recipient deadline was 1/31/2022, the paper filing deadline was 2/28/2022, and the e-filing deadline was 3/31/2022. No it aint quick. Also, corporations (S Corps and C corps) don't require a 1099. I need to up date my email @phone number I have been lock out, I want the remainder of my items back that they have- they even charged me 9.95 to send stuff back but will not answer emails or return items - no disclosures no phone number. I checked the address and even walked to several neighbors homes. Currently, there is no expiration date. Verify or enter missing email addresses for your contractors so that we can send access to view their 1099 forms online. Believe it or not this dress and likewise many other items were rejected by ThredUp. You can also earn shopping credit at a favorite store for cleaning out your closet. DON'T SELL ON THREDUP IF YOU WANT TO MAKE MONEY The clue is in the title. SHOP SELL FAVES CAN FASHION DO MORE THAN JUST BE SUSTAINABLE? They also have two retail locations, one in California and one in Texas. Yes. Thred up return Policy: Quality 575. If, like me you tend to give away most of your unwanted clothes then this is a nice little gift for doing so. until it's delivered, i cannot generate a return request. thredUPencourages everyone with a Clean Out Kit to send timely and seasonal clothes their way. In that case, you must determine if they are employees or independent contractors. I found this experience to be stress-producing, not reducing The cool, trendy & good quality denim shorts pictured under the thredUP bag . Those are offered at a cheaper price per pound because you buy more at once. Who knows? I was wrong, the largest size these would fit is a size 10, my best friend wears a size 9.5 and they fit her perfectly will a hair of room in the back. I emailed them asking for specific reasons why they werent good enough to sell. But this is not what happens when you do work for an individual that is not in a trade or business. xxx, I am with you Lisa. Our first baby is due to arrive in July and our 950 square foot house has very limited closet space, which means that all of the things weve been tucking into the extra bedroom need to find a new home. A builder is generally considered to be a contractor, and payments to contractors are not reportable on a 1099 (with a few exceptions). From this haul, they accepted 13 items which is only 30% of the bag. We are so glad you stopped by. Verrrrry interesting. If you hire a non-U.S. citizen and they work for you inside the US, you must file a 1099-NEC, assuming the transaction meets the other filing requirements. ThredUP told Business Insider that the company found charities often do not have the resources or time to sort through and distribute the clothing they receive, so the company decided to turn clothes into cash for organizations that don't normally take clothing donations. In April 2022 I made two orders with ThredUP using my new debit card number. -Ships in 2+ boxes. Payment of $600 or more in rent for office space, machines, equipment or. Order a Clean Out Kit or FREE shipping label on thredUP's selling app. It was just a dress! Return Processed by Thred up May 31, 2022. If it looks like you have to pay for a label, just search "Give Back Box print free shipping label" on Google or simply click here. You also don't have to deal with the legwork that platforms such as Poshmark and eBay require. Oh well lesson learned I guess? Id stick with Ebay for anything I sell in the future; Ive never gone wrong with them. ThredUP's program is also unique in its flexible options. It shows the total amount of benefits you received from us in the previous year so you know how much Social Security income to report to the Internal Revenue Service on your tax return. Signing Up For ThredUP If you use a barter network, you should receive one from them, also. By clicking Sign up, you agree to receive marketing emails from Insider Boxes are not necessary. thredUP Promo Code: 30% off. Now as to WHO the beneficiary is of my charity, I cant tell so for that reason I wontsell on ThredUp again. Whenever you have an issue with your order, we recommend reaching out to us directly and we will be happy to make it right for you and refund it if necessary. If you want to ensure you get all your items back, you have to pay $10.99 for "return assurance coverage." Without this coverage, ThredUP keeps the clothing they don't plan to use, citing that it's too expensive to mail it back to you. Relax! It is important to know that Canada is limited to purchases from . [protected]@yandex.com. Which I received, however, although they are stamped on the bottom of the shoe as a Size 5 and it was listed as 5 in your on-line and on the bottom of the shoe. There are businesses that don't require a 1099. I returned them the next day and was charged $2 each as a "restocking fee". thredUP keeps track of all incoming clothing to sell through their $10 Clean Out Kits. If you paid an independent contractor more than $600 in a financial year, you'll need to complete a 1099-NEC. But when businesses or self-employed individuals make non-employment payments, the IRS may require them to report those payments on a 1099 and send a copy to the payee. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), see photos of what we donated in this blog post, How We Screamed Our Way through the Dave Ramsey Show, I Was Broke, Too A Look at my Early Finances, Sinking Funds Why You Need Them & Why We Love Them. I'm sorry if I wasn't clear in my last email. Items purchased with thredUP store credits will always be refunded back as store credits She would have bought these from me, but she already has them. Monise S. As a Coinbase.com customer, you'll receive a 1099 form if you pay US taxes and earn crypto income over $600. For items priced at $50.00-$99.99, Thredup . The. Helpful (1) Vicki B. on 9/26/15. Source: thredUp. As one of the most popular online consignment shops . 1099s need to be issued to single-member LLCs, partnerships, sole proprietors, unincorporated contractors, and freelancers if you paid them more than the yearly threshhold. I bet they keep the good stuff for themselves of sell them on. When I shipped my own Clean Out Bag last summer, Ishipped my bag sometime in July, but thredUP never contacted to let me know it was received. So at the end of the year, you'll send them a 1099-NEC tax form. The Sloth. I purchased a pair of slides made in China and they were described as "44-45=12US women". Mara Leighton is a senior digital culture reporter. For a failure to issue a 1099-NEC or 1099-MISC, the IRS penalty varies from $50 to $270 per form. The stuff they rejected. It was only 30 days past the year so I asked them to convert back and they said it's not possible. Now you might wanna scroll back to see how full that bag of clothes I sent them was before I shock you with the stats. A large plastic bag with the return address already on it will arrive in your post within a couple of weeks. We operate independently from our advertising sales team. If you wish do donate your clothes without a payout, the kit is free (but FYI, you dont get a receipt for tax purposes). I hope this clarifies it. At the end of each year, it is the employer's responsibility to provide a completed 1099 form to the person they pay. x, Julie | thismainlinelife.com, Yep Ebay is better for making money theres no doubt about it , Dang! I returned some items and Thred up processed the return, minus restocking fees and contacted me via email of the return amount and successful receipt. Ive tried every way to reach them but there is NO customer service number or email address to contact them. Had a few others say the same xx. As another example, Uber has more than one million drivers in the US. Plus they handle postage and packaging to the buyer including any returns that may happen. When you hire a freelancer through a third-party service, you are not required to send a 1099. But it's easier to remember what it's for if you use the other name it's often known by"non-employee compensation.". Although the skeptic in me has to wonder, if you know what I mean? Its beyond me how they have such a huge amount of stock! I would like my money sent via the paypal I have set up through their website. My name is Kathryn Goodfellow-78 Prospect Ave., Norwood, Mass. The only option for the men's clothing box was 10 lb at $50. Michelle Tyler blog uses its own and third party cookies. all you can do is to choose from a menu of questions and click on pre-typed answers. I will say that thredUP is pretty transparent about the status of the clothes they keep and list online. This will surely increase the credibility of your complaint. I never received any emails from them as they stated they sent emails letting me know my money was being converted. You actually have to pay the site to accept your clothes. But my favorite may be thredUP's donation program for its ease and benefits. This complaint was posted by a verified customer. Ive found some extraordinary bargains like these Escada baby cord velvet flares below. Funny how I can receive an email asking for my feedback on how a customer service rep assisted me when I never received any contact from anyone to address my issues. I sent numerous emails, and contacted my credit card company and the only reply I received was they could only give me a store credit. Chanel Silva Is this your company? To curate a thoughtful & cohesive wardrobe - where their clothes, shoes & handbags transcend any occasion or season. For instance I filled my bag with clothes Ive worn so much I was simply bored of them. Return # 5043206 Five items were sold on consignment ($24.95), and the remaining eight were purchased outright ($9.99) for a total of $34.94. Thanks for that love xx. Even though lenders are only ever required to send 1099-Cs if a canceled debt is worth $600 or more, it is still your responsibility to report smaller canceled debt amounts as gross income on your federal income tax returns. I just decided to sell to threadup for the first time. What I dont like about ThredUp is the incredibly poor customer service. They were able to track the order but there is no refund or return record.. Given the amount of textile waste, it sounds good in the sense that a) people can recycle textiles responsibly and easily and b) there's an opportunity to make more useful donations to charities. In that case, you are probably an independent contractor. Crypto.com may be required to issue to you a Form 1099-MISC, Miscellaneous Income, if you are a U.S. person who has earned USD $600 or more in rewards from Crypto.com during the previous calendar year from Staking, Earn, Referrals, or certain other activities. Interesting that most of the bags that are missing are the very ones that had new items in them or really expensive items. Selling on ThredUp is NOT for the entrepreneurial. It's sort of like Poshmark or eBay except you can send all of it off at once, and they take care of the actual selling: inspecting them, professionally photographing them, listing them, and shipping them. Which payments are exempt from having to issue a 1099. The only outcome I would want is full refund in it's entirety. Orders shipped within the 48 contiguous United States: If a business fails to timely issue a 1099, the IRS can impose penalties. Inbox I alsoneed to trim down my clothing possessions to make a little closet space for the baby. As mentioned, thredUP only accepts around 40% of the clothing received in its clean up kits. Every time I clean out my closet, I sort my clothes and accessories into a few different categories. For me, since my focus is largely on low-maintenance recycling, earning a few bucks here or there is just a bonus. It also wouldnt hurt for you to consider listing your gently used clothing on Poshmark or Ebay. WAIT FOR AN INCREDIBLY LONG TIME.It took ThredUp two months to process my bag. Fortunately, the IRS always provides the dates in General Instructions for Certain Information Returns. It is simple, Ill grant them that but certainly not a lucrative way to sell your clothes. I want a a refund or my shoes! Then, as of August 28, 2018, the thredUP restocking fee was made permanent, so now for any item under $50 you return, you'll receive the full amount back in cash or credit, minus $1.99 per item. The person or company sending you the money is responsible for filing a 1099 with the IRS and sending you a copy to file with your tax return. ..wait for itlets have a drum roll please.. To clarify Everything I included in my bag was either a popular brand, high-end high street like Whistles or low-end designer like Antik Batik. Your return has been processed. Although its fair to say if this is the grand sum I make from my huge bag of clothes then its more for charity than profit. Although the fact they do makes buying from them a completely different experience. Before you even think of shipping your clothes to thredUP, you need to come to terms with the fact that thredUP is a for-profit business. 3.8 670 Reviews. Then I got this email from them to 'clarify' the situation: How hilarious is that? Now check your email to confirm your subscription. A 1099 employee doesn't receive benefits or have taxes deducted from their paycheck. Often they must spend their money on your behalf while doing work for you. I usually get about $40 a box and I then treat myself to something special like a nbtand name jacket or dress. 11 brokers have issued 12-month price objectives for ThredUp's stock. i would like to talk to the customer service representative, Read full review of thredUP and 1 comment, I would like to be able to use the store credit or have the money returned to my account. The best thing about selling on ThredUp is also the worst thing about ThredUp. Have you tried to sell clothes onThredUP? Refund never received. What is blatantly clear from this 15 second story is the condition, quality and relevance of the items I sent. Which means that they have to make a profit from the $50 blouse you send their way and the only way to do that is by offering you less money for your blouse than its actually worth so that they can resell it at a higher price, pay their bills, and earna few bucks for themselves. Check your email for promo codes and sale announcements. email from Thred up of return processed: Giving them away to someone you know is really nice. to report gains or losses from your transactions in the preceding year. You are required to issue a 1099 when your business makes payments of $600 or more during the tax year to an independent contractor or freelancer. One new rule in 2022 is that companies like Zelle and Venmo will send you a 1099-K if you receive more than $600 through the platform for the year. Required fields are marked *. This is the third time I've had this happen too.They just ignore your emails too easily. It is minimal to the extreme. $10. FedEx Tracking ID [protected]. Sign up for Insider Reviews' weekly newsletter for more buying advice and great deals, A handful of companies will actually reward you for getting rid of stuff you no longer use, learn more here about selling luxury items, scheduled a USPS pickup at USPS.com online, for luxury items which fetch as much as 80% commission of the sale, Order a thredUPClean-Out bag online to donate clothes now. This does not drive our decision as to whether or not a product is featured or recommended. I sell on ebay though. (see attached photo) Original order # XHP741U515K9 purchase delivered May 2022 (see attached photo). Refund Requirements: You just never know if theres a rogue employee or two cherry-picking for themselves or what not, if you get my drift? I bet they dont give to charity, perhaps they sell these pieces on, just not on their site? -$14.99 flat rate. I purchased this box on July 5th. Mail your kit Once you have filled up your kit, just place it in the mail using the prepaid shipping label. My comment didnt come through. Desired outcome: S-corporations and C-corporations do not need 1099s. They were worn twice so replacement value would be exactly what I paid for them. Items were considered off-trend They are VERY rude and dismissive when you try to ask about anything. They do all the heavy lifting by listing photographing, marketing, and handled the commerce of your items. Suppose a business intentionally disregards the requirement of providing a correct payee statement. Starting in July of 2021 I sent in a massive amount of designer clothes. I reckon they could be reselling elsewhere and I cannot believe that your AB dress was rejected????? S-corporations and C-corporations do not need 1099s. Its worth noting thatthredUP still profits from these items, even though they were not listed for sale online. There are different types of 1099s, and they do not all have the same filing date. We do the rest! General. I am out a measly $20, but for me it's the principle. I think youre right to view it as a charity, although like you, I smell a bit of a rat. I basically mailed them 3 FULL boxes of clothes and shoes that were practically brand new or had tags. Form 1099 indicates that you are self-employed / independent contractor. I combed through their website and there is NO mention of this policy. Seriously, worse than selling used books, and these . While I was able to work with the Thred Up customer service to stop the sale and shipment of goods, I was NEVER refunded the money. Basically, you send ThredUP your gently used, brand-name clothes. When the business reports other income, such as rents, royalties, prizes, or awards paid to third parties, it uses, If you are self-employed and provide services of at least $600 to a business during the year, you should receive. Also, please take note that buyers have 14 days to return the item in case they do not like it. Learn about thredUP , including insurance benefits, retirement benefits, and vacation policy. Im going to report them to BBB. What happens if you don't send someone a 1099? The online store thredUP, which has its headquarters in San Francisco, California, has created a sophisticated resale experience on one of the largest online marketplaces for women's and. You can send in women's, men's, and kids' items. Final sale items are not returnabl You do not file 1099s for Uber drivers. While I was able to work with the Thred Up customer service to stop the sale and shipment of goods, I was NEVER refunded the money. Theres one more thing you need to be aware of before you attempt to sell your clothes on thredUP. Unlike other apps like OfferUp and Facebook Marketplace, there's no heavy lifting on your part with thredUP. If you're trying to browse thredUP from another country, you unfortunately won't be able to access our site and will have restricted website access. I would like ThredUP to restore my account, give me my $10 credit and allow me to use my new debit card for new orders. I contacted customer support so they could look into it. They should be investigated for cheating so many people out of their money. The first year she used Mercari, Heltke didn't know that, and she received a 1099 on which she owed taxes. 1. Like many clothing retailers, ThredUp saves some of its biggest deals of the year for Thanksgiving weekend (Black Friday to Cyber Monday). Many types of payments are exempt from needing a 1099, including personal payments and total payments to a vendor under $600 for the year. In exchange, I received $37.40 in thredUP credit. Banks and other financial institutions report dividends and other distributions to their clients on Form 1099-DIV. A 1099 is a document or a series of documents the IRS uses to track different income types, other than salary, an employee receives. There was an error submitting your subscription. Its possible that thredUP will yield the best profit with minimal effort, but unfortunately it costs $10 just to find out. thredUP store credits will be refunded back to your account 5-7 days after thredUP has received your return order, while credit card refunds can take an additional 3-5 business days to be refunded. In general, you do not issue a 1099 to a builder. I have had success selling tops and dresses for about $20 each (sometimes more, sometimes less) and have loved how easy Poshmark makes it to ship any items I have sold. Other 1099 copies are . I feel they grew too large to handle the amount of clothes coming in and their customer service definitely got worse. When you pay a corporation, you are not required to send it a 1099. Have you tried selling your clothes as a bundle on Ebay? Consumers satisfied with thredUP most frequently mention great condition, good quality and polka dot.thredUP ranks 3rd among Used Clothing sites. You must select this option before you send in your bag. Service 589. DROWNING NOT WAVING IN SINGLE-USE PLASTIC, CRADLE TO CRADLE DESIGN MATTERS TO THE CIRCULAR ECONOMY. The remaining 60% is dealt with in . We inspect, photograph, list, and ship items for you. ORDER #XHP741U5I5K9 When I finally got one well after 10 days, then another, they were rather generic, none explained why my new orders were cancelled. for some types of payments at the current rate of 24%. This review was chosen algorithmically as the most valued customer feedback. I have no gift card and cannot get them to answer where that gift card is. The last box I sent in included a Burberry coat. Thank you for your excellent field work, detective! You do not issue 1099s to vendor corporations. I returned merchandise, it was in bad shape, thredup is stealing clothing & money from consumers, My bag of clothes, purses and shoes Bag#: B2BAC-KG637, 16 years' experience in successful complaint resolution, Each complaint is handled individually by highly qualified experts, Last but not least, all our services are absolutely free. I was issued a store credit, not a refund. Not even $10 worth. All about payouts. Poor quality clothing will be given to textile recycling partners to recoup money. (See attached photo) Seeing as that's not what they do, never shopping with them again hurts them more than me. No materials from this website may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way. It seems INSANE that that much clothing got you so little money. ThredUP is the most convenient mass upcycling program I've found for city dwellers without a car. Form 1099-MISC and Form 1099-NEC are similar but have one main difference. When I started writing this post on July 20th, the only option for men's clothing was 25 lb at $110. Learn more here about payouts, and learn more here about selling luxury items. The items that didnt pass ThredUps rigorous inspection would be donated to charity. In truth thats thepoint as well as the problem with ThredUp right there,in a nutshell. If you choose partner credit as your payout option, you could earn an extra bonus for a limited time like a 20% bonus to Amour Vertor a 15% bonus to Reformation.