Originally Posted by
JDiver
So, assuming one of us actually wins 1 million HHonors points, what would be the obligation to the Internal Revenue Service? (Yes, AFAIK these are taxable, unlike the ones we earn.)
Good question! HHonors has to set a value on the prize in order to be taxed. 1,000,000 if used carefully can be worth up to 1-2 cents/ point. If used poorly, less than 0.2 cents/pt. Pretty wide range. What monetary value have they set on the points?