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Old Mar 22, 2021, 12:13 am
  #31  
dhuey
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Originally Posted by Sloflyer032
Does anyone file their referral bonuses if they dont receive a 1099? I have two small ones (15k Hilton Amex and 20k Chase Southwest) but haven't received anything yet. Can I just ignore these then?
If you want to be honest with your taxes, you would report these as other income. The good part about not receiving a 1099-MISC is that you can decide what the fair market value is for these points, and without a conflict with the 1099-MISC filing. The IRS could potentially challenge your claimed FMV, but that's unlikely.
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