A bit more

Reader comment on: Taxing Frequent Flier Miles

Submitted by Lyle (United States), Aug 28, 2014 23:34

Citi sent these folks a 1099 misc. So the computers found it out early. Actually if you read the tax law it is a tax on income no matter how derived or where it comes from. Since you did not pay for these miles (as contrasted to a rewards program based upon purchases, it seems to walk like income).

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