Court Rules Bank Account Points Redemptions are Taxable

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    Via William T. and others, a Tax Court has ruled on the taxability of points programs under certain circumstances. The Tax Court yesterday required the taxpayer to include $668 in income as reported by Citibank on Form 1099-MISC as the value of an airline ticket received by the taxpayer upon redemption of 50,000 “Thank You […] The post Court Rules Bank Account Points Redemptions are Taxable appeared first on View from the Wing.

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