Old Dec 10, 08, 5:51 am
Join Date: Sep 2004
Location: CLT
Programs: US CP, SPG Gold
Posts: 441
My understanding is that this 2% (like on other cards) is a rebate of previous expenditures and therefore is money back, not new money in. I believe if Schwab sends a 1099, you could attach a statement to your return explaining this treatment and not include the income.
jghassell is offline