Originally Posted by
pjoalfa
Again, I'm not a tax attorney, but if the recipient agrees to the valuation presented, that's gonna be it. So theoretically, if AA calls miles worth 2.5c each and you accept it, that's the value.
Where did you dig this up? It is in disagreement with what the IRS says about this in their documentation.
Last edited by mvoight; Mar 31, 2011 at 8:30 am