FlyerTalk Forums - View Single Post - AMEX 1099-INT or 1099-MISC who got one?
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Old Feb 7, 2022, 4:07 pm
  #35  
beachfan
 
Join Date: Sep 2002
Location: Thousand Oaks, Ca., USA
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I got mine for 2021. What a pain. I got two for a total of $650.

Until I read this thread, I thought it was a no-brainer to just revalue it at the redemption value easy to provide support from Amex's website on the valuation. I'd lower the value by 40%, by $260. So I'd normally bother to save the tax on $260 but I saw concerns about it being a "red flag with a rocket in it" to the IRS.

Have other folks done this and gotten extra hassles about it ?
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