Originally Posted by
notsosmart
Yup yup...
Speaking of taxation of miles: I thought that one doesn't have to declare the value of miles received? The IRS doesn't count miles as income?
Or am I wrong here?
Although the IRS won't count miles as income, that doesn't mean they won't take it into account when determining whether a donation falls under the charitable contribution deduction. Unless I'm wrong. Any CPA should feel free to correct me.