Originally Posted by
dhuey
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
I don't know what banks did in the old days, but if a bank gives you a toaster for opening an account these days, they
will issue a 1099 if you're over the $10 or $600 threshold. And they will likely value it at something unreasonably high. :-) Not so if you get a toaster for opening a credit card. The two industries are (as you note) regulated very differently.