1099 for the 75,000 Delta Airlines bonus miles for meeting the spend requirement
I received an IRS form 1099 for $375 for the 75,000 Delta Airlines bonus miles I received for meeting the spend requirement, valuing them at 1/2 cent/mile. I have written a protest letter to Amex at the address on the 1099. Never has Amex or any other credit card issuer issued a 1099 for bonus miles for meeting a spend requirement.
Interestingly, the 1099 for Membership Rewards point for referrals to cards that earn MR points values those points at 1 cent/mile. Yet those points convert to Delta miles at 1,000:1,000. Thus they are saying definitively that the Membership Rewards points have the same value as Delta miles, or ½ cent per point.
I have sent a protest for both of these 1099s to the address on the 1099. I encourage you to do the same.
Last edited by pgary; Feb 2, 2019 at 3:51 pm