Originally Posted by
apeortdz
I received my 1099-NEC yesterday and I was pleased with the way they valued my rewards. Gift cards are valued 1:1, i.e. at $25 each mostly. Hotel points and Magazines are valued at a very low dollar amount...about 1/15th of the true value (if you actually use the points) as far as I can tell.
I received mine for the first time today. No information or means of figuring out how they came to that figure - $775. Can we deduct for the time involved??? :-)