Which earning activities count towards being taxable?A: The following activities AREclassified as taxable:Registration/Promotional/ReferralSearchAnswer (Surveys, Tasks & Any Receipt)Games (except GSN)SB Live

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nfh1993

Solved

Do I have to report points/income from websites like Inbox Dollars or Swagbucks that I have never redeemed or even converted into cash?

Forum|Forum|1 year ago
November 5, 2024
1 reply
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TurboTax Deluxe Online

Best answer by Bsch4477

Which earning activities count towards being taxable?

A: The following activities AREclassified as taxable:

Registration/Promotional/Referral
Search
Answer (Surveys, Tasks & Any Receipt)
Games (except GSN)
SB Live

Bsch4477Answer

Employee

Which earning activities count towards being taxable?

A: The following activities AREclassified as taxable:

Registration/Promotional/Referral
Search
Answer (Surveys, Tasks & Any Receipt)
Games (except GSN)
SB Live

nfh1993Author

Thanks for the quick reply! I guess it makes sense that they are taxable. But I only opened these apps and maybe did a couple surverys.

I never actually redeemed the money to my memory.

And now I'm wondering should I go back and redo my taxes because of this.

Thanks!

rjs

Employee

It doesn't matter that you didn't redeem them. The money was available to you anytime you wanted to take it, so it was income that you received. Think of it as being like interest on a bank account. When the interest is credited to your account it's taxable income to you, even if you leave the money in the account.

Whether you should amend your tax return depends on how much the income or the additional tax is. If it's very small, don't bother amending. There is no firm or official rule about how much is "very small."