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Thread: AA Miles For New Citibank Checking Account [Consolidated]
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Old Jan 27, 2011, 5:02 am
  #83  
Milezjunkie
 
Join Date: Dec 2008
Posts: 563
Originally Posted by uszkanni
Just so that you all know, Citi has been sending out 1099's to people who receive AA miles as a promo which value those miles at 2.5 cents each. If you get 30K miles, you may get a 1099-INT (or -MISC) showing income of $750.

Lots more on this here.
From what I've read the only people that received 1099s got them from savings accounts, not checking accounts for which this thread discusses. I opened a checking account and got 20K miles in Dec and did not (as of yet) get a 1099. It seems to be only for savings accounts.
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