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Old 01-17-2008, 04:10 PM
Dues Dues is offline
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Default Do you need to claim income if you cash in on a credit card perk IE; reward

points for using a credit card? Income tax question


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Old 01-17-2008, 04:12 PM
paperdoll198 paperdoll198 is offline
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NO. You only claim income that gets reported. In other words, if you get a W-2, a 1099 form, etc, then you must report it. I've never heard of anyone getting a W-2 or 1099 or anything like that from a credit card company for perks or points that had been cashed in. After all, you spent money to get that dividend back, it's not really income.
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