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Old Jul 10, 2007 | 2:08 am
  #3  
mvoight
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Join Date: May 2004
Location: DFW/DAL
Programs: AA Lifetime PLT, AS MVPG, HH Diamond, NCL Platinum Plus, MSC Diamond
Posts: 21,424
Originally Posted by hotelexec
IMO most of these promotions are ripoffs. 50,000 AA miles, for most people, are worth about $500-$600 (the exception is if you use them exclusively for international P/J travel). For most people the tax they will have to pay on the 50,000 miles (which AA will report to the IRS as worth $1250) will be about $500. So the prize is worth maybe $100 if you're lucky.

If you own your own business and want to fly international P or J, it's worthwhile, but only if you win :-)
You can report a different value than what AA reports, but be prepared to back it up.
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