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Thread: 30K AAdvantage for Citi checking account
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Old Nov 8, 2018 | 5:38 pm
  #20  
Long Zhiren
 
Join Date: Feb 2008
Posts: 736
More links to the offer are here:
Free Frequent Flyer Miles
This is troubling:

"There has been a lot of publicity about Citibank sending out a 1099 for their value of AA miles given for opening an account (2.5 cents/mile!) The IRS has made at least one statement that this is correct for bank account bonuses (but not credit card bonuses). I have heard that they have changed their minds on this, but be sure to ask."


Does anyone have experience with Citibank's 1099's and taxation on valuations?
Last edited by Long Zhiren; Nov 8, 2018 at 5:40 pm Reason: need to make cut-and-paste quotations clear
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