FlyerTalk Forums - View Single Post - Taxable Valuation of Miles Won in Sweepstakes
Old Jan 5, 2005 | 1:32 pm
  #24  
dhuey
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Extremely helpful post, Efrem.

An alternative valuation method is to look at the prices paid by brokers who are willing to buy your miles. Yes, such exchanges might violate AA's terms, but this is a real marketplace that is not in violation of any governmental laws (breach of contract is different).

A firm offer for your miles from a broker is very strong evidence of the FMV of your miles.
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