Originally Posted by
storewanderer
As others are saying, you should just burn off the credits yourself.
I do not understand why you don't want to do that. Do you want to move business to other airlines ASAP to try to earn some kind of status with those other airlines? What about your status with Southwest?
You can reserve the higher fare class fares and still have benefits/flexibility similar to today. I suspect you'd come out ahead doing that vs. selling these at a discount (and risking some sort of terms violation from Southwest).
Not many people are looking forward to the changes- there are some fans for assigned seating, but really a pretty small group of fans even for that.
It is against Southwest terms of service to sell transferable flight credits. It is buried in the code of carriage.
Also if you go forward with this plan to "sell" your flight credits, how do you plan to get compensated for these flight credits you will be selling? You are aware that if someone transfers you more than $600 through many of these money transfer platforms, and codes the transfer as being for "goods or services," that you'll be receiving a 1099 tax form right? And you'll have to pay tax on that income. Another thing to factor in here.
Off topic but you can deduct cost basis against 1099 income. You report the full 1099 amount and separately show the cost of goods on schedule C or if not schedule C you can add a negative other income item for the cost of what you sold. I expect that either way you slightly increase the chance of raising questions.