FlyerTalk Forums - View Single Post - Buy Full Flex ticket, cancel it, get points on CC?
Thread: Buy Full Flex ticket, cancel it, get points on CC?
View Single Post
Old Apr 28, 2007 | 9:45 am
  #15  
Counsellor
40 Nights
5M
100 Countries Visited
25 Years on Site
 
Join Date: May 1998
Location: Naples FL, Munich DE
Programs: UA MM, AA 2MM, Marriott LT Titanium, Hilton Gold
Posts: 6,816
Originally Posted by rufflesinc
so they would have been ok if they declared it on their 1040 right?
I don't know about "ok", but they wouldn't have been in tax trouble.

(Remember what they finally got Al Capone on. IRS takes the position that whether gains are legal or ill-gotten makes no difference for purposes of tax liability.)
Counsellor is offline  
Reply