FlyerTalk Forums - View Single Post - [Consolidated] 1099s for miles & cash rewards from all banks
Old Apr 27, 2016, 3:56 pm
  #788  
mia
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Join Date: Jun 2003
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Originally Posted by sdsearch
Citi doesn't use the actual redemption cost to determine whether to issue a 1099. They use some arbitrary valuation of a TYP points or AA miles to do so..
This is accurate for AAdvantage miles, but not for ThankYou points. Citi computes the actual redemption value of TYP points. They cannot do this for AAdvantage because the miles are simply transferred to your AA account.
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