FlyerTalk Forums - View Single Post - AMEX 1099-INT or 1099-MISC who got one?
Thread: AMEX 1099-INT or 1099-MISC who got one?
View Single Post
Old Jan 27, 2024 | 12:11 pm
  #54  
ffI
10 Countries Visited
20 Countries Visited
30 Countries Visited
15 Years on Site
 
Join Date: Jan 2009
Location: WAS
Programs: AA EXP2M, DL 1MM DM ext, UA PP <=> HH G/Marr PE/Hyatt G/IHG P FT RA ( Recovering Addict)
Posts: 4,892
NO checking accounts - referrals for business Platinum cards = 25k miles bonus
Originally Posted by commaspace
You likely have opened a Amex Rewards Checking account and received $250 cash incentive payment, which is interest income and what the 1099-INT rerfers to.
Credits on credit cards are not income.
Rewards on PURCHASES are not taxable as they are considered rebates - but bonus rewards for opening bank accounts are taxable
And it appears now that the bonuses for referrals are taxable as well
ffI is offline  
Reply