I received 1099 MISC from Citi as well for an account I opened in 2011. However, when I opened the account I was offered a promotion by the bank manager of receiving $125 OR 25,000 AA miles. I still have that promotion flyer in my possession. According to this offer $125 is equivalent to 25000 AA miles, thus the 1099 MISC issued should have been for $125 and not $625. Can I send a copy of this flyer with my tax returns and enter $125 as MISC income from Citi instead of $625?