The dreaded 1099-MISC has come to me this year. I am of the opinion that these points have 0 value unless you have a membership with AMEX. So any referral rewards after payment the membership fees could be fairly taxed, but this brings me to the next issue - not taxed at the valuation of 1c/point? The 1c/point valuation seems almost arbitrary - are we talking about average value of the point or what? I mean, AMEX points on Amazon gives a much lower value - and I think for ease, we should be taxed on the minimum/most accessible potential of the points rather than the maximum.
Last edited by currentjer; Feb 11, 2022 at 10:41 am