Originally Posted by
RedSun
This tax discussions is really a distraction....
The topic of taxable rewards for bank accounts is well understood. It is an important consideration to some people in evaluating an offer. I accept that it is not important to you, but it will still be discussed.
See this thread for years of evidence:
[Consolidated] 1099s for miles & cash rewards from all banks
It is also well established that credit card rewards are not taxed in the USA, because they represent a partial rebate of the amount spent. If Chase sent you a 1099 for a partial refund of your annual fee that would be an important policy change -or- a mistake. However, if you are unwilling to even look at the 1099 to identify the account that Chase referenced, there cannot be a discussion.
One circumstance that has caught some people out is that credit card
referral bonuses are taxable. I will try to find a link to a discussion.