FlyerTalk Forums - View Single Post - Taxable Valuation of Miles Won in Sweepstakes
Old Jan 4, 2005 | 3:49 pm
  #9  
DennyO
 
Join Date: Jun 2004
Programs: aa co
Posts: 209
Originally Posted by NYCommuter
Miles are taxed? You can't take a deduction when you donate them to charity because, as I am told the rationale is, the miles aren't taxed when you earn them; I did research on the tax deduction issue a while ago and the law is clear on that, at least.
You are taxed on "lottery winnings" such as raffle prizes. I think that is what happened here.
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