Originally Posted by
mroseman13
I just received a 1099. $600 on my Chase Freedom and $5 on my Marriott card. I don't recall referring anyone to the CF, so could it be from the 5% bonuses that I was able to max out on all of last year? And I took the 50k point offer to upgrade to the latest Marriott card, but that's an odd value to only put $5 on my form. I sent a secure message and will hopefully get more information, but that seems unlikely from this thread.
While this is not a good news for you but it is a "good to know" PROOF for the question asked about whether anyone who took an upgrade on the Marriott card last year, received a 1099.
Your DP is the answer despite the screwed up reporting on the 1099.
Did you have to make spend in order to earn the 50K Marriott pts? even just 1 purchase? If so, that also debunk the assumption that if some task is required to perform, that makes a bonus not taxable (therefore not reportable).
I have seen an image of a 1099, shows $10 reported with $2.47 Federal withheld tax. The recipient of that 1099 could not think of anything other than a one time $10 statement credit on signing up a Quick Pay.
With the widespread mis-reportings on the 1099s, chances for Chase to issue amended 1099s seem high - but that would be many weeks from now as after all, they need to get whoever the software firm who bungled this to redo the program. My hunch is, said provider of the software is NOT in US - true, whatever nationalities the programmers are do not matter - what matter are 1) They know what they are doing, i.e. understand how US tax laws operate, or at least have higher ups know the criteria to do the drag net, 2) There needs to have QA (Quality Assurance) team to check the final product before putting it to production run, i.e. generating those 1099s to be sent out. It is obviously there is NO QA Involved - otherwise a 500 UR pts would not be classified as $500 income by confusing penny with dollar!
Please do update the thread on what SM response you eventually get.