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February 7, 2021
Question

IF MY 1099-MISC IS FOR PRODUCT EARNED WITH REWARD POINTS, I STILL PAY TAX AS IF IT WERE MONEY?

  • February 7, 2021
  • 1 reply
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I did not actually receive a check

1 reply

February 7, 2021

Yes.  While the IRS has typically ignored point and miles awards valued at less than $600 in the past, if the value exceeds $600 the vendor is required to issue a form 1099-MISC. 

 

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