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Thread: AA Miles For New Citibank Checking Account [Consolidated]
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Old May 11, 2012 | 9:09 am
  #446  
alohatofu
 
Join Date: Mar 2011
Posts: 21
Originally Posted by TAHKUCT
Read T&C, This was taken from there: $600 will be reported on misc-1099 that is a lot.

The value of rewards from redeemed points may be reported to the IRS as miscellaneous income on Form 1099-MISC in the year redeemed, if the value of the rewards are $600 or
greater or the value of the rewards plus other taxable miscellaneous income awards received from Citibank, N.A., is in the aggregate $600 or greater for a calendar year, as required by applicable law. Business ThankYou Member is responsible for any applicable taxes. Accounts must be open and in good standing at the time the Points are credited.
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