![]() |
Originally Posted by apeortdz
(Post 33964352)
I received my 1099-NEC yesterday and I was pleased with the way they valued my rewards. Gift cards are valued 1:1, i.e. at $25 each mostly. Hotel points and Magazines are valued at a very low dollar amount...about 1/15th of the true value (if you actually use the points) as far as I can tell.
|
Originally Posted by apeortdz
(Post 33964346)
Are you guys getting the question about What Is Your Biggest Problem With Technology These Days? I get this question, which requires a written answer, about every fifth survey. Very annoying!
|
Originally Posted by neuromancer
(Post 33965100)
I have it prepared and just paste it.
|
Originally Posted by apeortdz
(Post 33922830)
Anyone here who has received a 1099 in the past for earning over $600, can you tell me (1) did the 1099 come via email or snail mail, and (2) approximately when did you receive it, i.e. late January? Thanks.
|
Originally Posted by apeortdz
(Post 33964352)
I received my 1099-NEC yesterday and I was pleased with the way they valued my rewards. Gift cards are valued 1:1, i.e. at $25 each mostly. Hotel points and Magazines are valued at a very low dollar amount...about 1/15th of the true value (if you actually use the points) as far as I can tell.
Anyway I was hoping you or some of the other smart folks here might have been down this road before and could offer some advice :-) |
I've put my cash earnings from other survey panels down as hobby income in previous years and never had an issue with it. It's typically been $3K or less.
For those who got a 1099-NEC did e-Rewards let you know it was coming or did it just show up? Haven't heard anything from e-Rewards about me getting one and I'd like to go ahead and deal with taxes but I obviously can't do that if I'm short a form. |
Originally Posted by bj2757
(Post 33965300)
Do you have past experience with this? I got my first 1099-NEC today for $775 for the gift cards I redeemed for last year. Entering the form on TurboTax opened a few cans of worms. The first was what kind of employee was I. Instead of the default there was one choice that said the income was from what I considered a hobby or something I did occasionally (but was warned that response would get more scrutiny - even though I feel that's the right category). If I took the default a Schedule C was opened, I had to name my business, etc etc etc - had to pay self employment tax ($120) and the full 15% SS (I did see part of that was refunded on the form). But then I caught that I now had $755 in "earned income" - something I haven't had since 2006 :-) That immediately made me wonder about putting that money in my traditional IRA which it said I could do - and that cut the increase in my taxes from $240 to about $50. When I went back and checked the "hobby" block my $240 in increased tax dropped to about $120 (eliminated the self employment tax and SS I assume) - BUT it didn't classify the $775 as "earned income" but instead listed it as "additional income." So no IRA option...
Anyway I was hoping you or some of the other smart folks here might have been down this road before and could offer some advice :-) If you are not an employee but the amount in box 1 is not selfemployment (SE) income (for example, it is income from a sporadic activity or a hobby), report the amount shown in box 1 on the “Other income” line (on Schedule 1 (Form 1040)). |
Originally Posted by apeortdz
(Post 33964346)
Are you guys getting the question about What Is Your Biggest Problem With Technology These Days? I get this question, which requires a written answer, about every fifth survey. Very annoying!
Originally Posted by brabb12
(Post 33964538)
yeah its gotten super annoying. them and milesforopinions have it right now.
Originally Posted by neuromancer
(Post 33965100)
I have it prepared and just paste it.
|
Originally Posted by apeortdz
(Post 33964352)
I received my 1099-NEC yesterday and I was pleased with the way they valued my rewards. Gift cards are valued 1:1, i.e. at $25 each mostly. Hotel points and Magazines are valued at a very low dollar amount...about 1/15th of the true value (if you actually use the points) as far as I can tell.
Originally Posted by bj2757
(Post 33964965)
I received mine for the first time today. No information or means of figuring out how they came to that figure - $775. Can we deduct for the time involved??? :-)
Originally Posted by bj2757
(Post 33965300)
Do you have past experience with this? I got my first 1099-NEC today for $775 for the gift cards I redeemed for last year. Entering the form on TurboTax opened a few cans of worms. The first was what kind of employee was I. Instead of the default there was one choice that said the income was from what I considered a hobby or something I did occasionally (but was warned that response would get more scrutiny - even though I feel that's the right category). If I took the default a Schedule C was opened, I had to name my business, etc etc etc - had to pay self employment tax ($120) and the full 15% SS (I did see part of that was refunded on the form). But then I caught that I now had $755 in "earned income" - something I haven't had since 2006 :-) That immediately made me wonder about putting that money in my traditional IRA which it said I could do - and that cut the increase in my taxes from $240 to about $50. When I went back and checked the "hobby" block my $240 in increased tax dropped to about $120 (eliminated the self employment tax and SS I assume) - BUT it didn't classify the $775 as "earned income" but instead listed it as "additional income." So no IRA option...
Anyway I was hoping you or some of the other smart folks here might have been down this road before and could offer some advice :-)
Originally Posted by beachmouse
(Post 33965334)
I've put my cash earnings from other survey panels down as hobby income in previous years and never had an issue with it. It's typically been $3K or less.
For those who got a 1099-NEC did e-Rewards let you know it was coming or did it just show up? Haven't heard anything from e-Rewards about me getting one and I'd like to go ahead and deal with taxes but I obviously can't do that if I'm short a form. |
Originally Posted by beachmouse
(Post 33965334)
I've put my cash earnings from other survey panels down as hobby income in previous years and never had an issue with it. It's typically been $3K or less.
For those who got a 1099-NEC did e-Rewards let you know it was coming or did it just show up? Haven't heard anything from e-Rewards about me getting one and I'd like to go ahead and deal with taxes but I obviously can't do that if I'm short a form. Thanks to those that responded to my questions - I appreciate it! The only notice I got was the request for info a few months ago so they could send the 1099 if needed. No anything after that until the 1099 showed up yesterday :-) |
Originally Posted by bj2757
(Post 33965965)
. The only notice I got was the request for info a few months ago so they could send the 1099 if needed. No anything after that until the 1099 showed up yesterday :-)
|
Originally Posted by apeortdz
(Post 33964346)
Are you guys getting the question about What Is Your Biggest Problem With Technology These Days? I get this question, which requires a written answer, about every fifth survey. Very annoying!
|
Occasionally I get a real winner survey like the one I just did. It paid $56.50 (of e-rewards currency) for about 10 minutes of work.
|
ok. e-rewards is getting really weird. They won't allow me to do surveys or redeem for rewards. Ive already emailed them about the issue but no response and its been almost a week. If they stop my account its gonna be awkward since I have a bunch of equipment from them for a laundry study im doing. lol
|
Originally Posted by brabb12
(Post 33978191)
ok. e-rewards is getting really weird. They won't allow me to do surveys or redeem for rewards. Ive already emailed them about the issue but no response and its been almost a week. If they stop my account its gonna be awkward since I have a bunch of equipment from them for a laundry study im doing. lol
|
| All times are GMT -6. The time now is 7:12 pm. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.