Originally Posted by
Happy
Just checked the comment section of DoC's write up on this 1099 fiasco. Yes, it is a fiasco because of so many nutty items show up on the 1099s.
Copied and Pasted a few on the front page comments (in descending order, i.e. the latest being the first at the time I read it)
Ryan G
January 30, 2024 22:11
#1789268I received a 1099-MISC with two line items from chase today.
1) $200 line item for the Amazon card promo. This one I understand.
2) $593.75 line item for a Disney Premier card promo where I only received a $300 statement credit in exchange for spending $1000.
I spent 3 hours today between being on the phone with chase reps and at a branch where they also talked with people on the phone and not a single person of the 10+ They bounced me around to is able to tell me why this Disney bonus was reported as income, and why it doesn’t match the $300 statement credit received.
Wanted to follow up on this post because the Disney comment from DoC mentioned in this post is from me! Hopefully this advice helps others in the same situation where chase claims that they are not able to help or can't figure out who can help you.
I was not able to get anyone at chase to help assist or resolve the issue directly after spending around 6 hours of my time between calling and visiting a branch. So as a last ditch effort, I filed a complaint with the CFPB regarding the issue. My main complaint was really just that i requested an explanation for the discrepancy to understand why i am 1) being 1099 for a SUB that required spend, and 2) why the amount doesn't match the value received.
I was contacted by someone at chase executive office in the US about 2 days later and finally after about 4 weeks, i received complete resolution by Chase admitting there was an error and issuing me a corrected 1099-MISC.