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koolba
2473 days ago
Credit card rewards do not get a 1099 as they’re a rebate/discount on spent monies.
Banking sign up bonuses usually do as they’re classified as interest.
1 comments
icebraining
2473 days ago
Yeah, but the
company
spent the monies, and the employee got the rebate. Seems like an employment benefit to me.
link
likpok
2472 days ago
Travel status/miles are sort of similar. It’s a basic racket: the airline rewards you for steering your company’s money to them. It seems to be broadly acceptable but I agree looks pretty sketchy when you boil it down to the basics.
link