Originally Posted by
HoKo
There are mixed reports on this, some people were able to get Citi to decrease the value whereas others were not so lucky and Citi stood firm on the 1099
So if you received 40K in miles, how much in taxable income in $ is that equivalent to? $1000? Which means if you pay say, 35% in taxes, that comes out to $350 that you have to pay for the 40K miles? That makes it barely worth it to seek out the promotion.
Is my math right?