Originally Posted by
josephstern
Neither do I, but thankfully Citi only reports the checking account ones, and that's only been in the last two years, AFAIK.
Let's hope the CC division doesn't try this same road.
Yes, perhaps this reflects differences between the cc and retail banking divisions, the latter being more tightly-regulated. The banking compliance department might feel more pressure to err on the side of issuing 1099s.
Anyone remember the old days when banks would give you household items like a nice toaster when you opened an account? I suspect they didn't include the value of the bonus item in 1099s, but I don't have any personal experience with it.