You may be required to report your Tradesy earnings on your 2022 U.S. income tax return. For 2022, sellers must report their distributed earnings on their taxes if they received over $20,000 in cash distribution AND have cashed out over 200 times in 2022. Some states may have different requirements for your state returns.
If your cashed out earnings met the appropriate thresholds, you will receive a 1099-k via USPS by January 31, 2023. You may also receive an email as well. The company of record will be listed as Recycled Media, Inc. (aka Tradesy, Inc) If you do not receive a 1099-k and think you should, you can fill out this form to request your tax information.
If you cashed out your earnings through Paypal, Paypal will handle communicating any tax obligations you may have.
Tradesy and Vestiaire Collective are not tax advisors. We recommend that sellers work with a tax professional to learn about their tax responsibilities
2022 State Thresholds