Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
If you do not receive a 1099 then you reporting will trigger something on the end of where you say paid you. If you have less than 600 bucks and they do not report it why would you unless you have...
Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
I have a few clients that use marketplaces that dont offer a 1099. Just because you aren't issued one doesn't mean it isn't reportable.
Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
This can be treated similar to credit card reward points. The IRS treats these as rebates, not cash income. Therefore, for your case, it's treated as a rebate and not reportable.
Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
It's not 4/1 yet
Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
no 1099 means no tax since not reported is my thought!
Torn on whether to include Slickdeals reward points as taxable income
Thread created 03-20-2023 by slickjules
0 Score
5 Replies
1,553 Views
After speaking to a couple CPA's and doing my own research, it appears that any Slickdeals points accumulated from merely opening an account (with no spend requirement) is taxable income. It's tricky...
