FlyerTalk Forums - View Single Post - Taxable Valuation of Miles Won in Sweepstakes

Jan 4, 2005 | 4:54 pm

#11

KickbackKing

Join Date: Nov 2002

Location: Overland Park, KS, USA

Programs: AA, DL, HH

Posts: 150

If American Airlines Publishing reports your miles to the IRS, you should receive a 1099-MISC with the value of the prize in box 3. If you receive a 1099-MISC and report an amount different than the amount in box 3, you might hear from the IRS.

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