Why is Bank of America sending out 1099-INTs for bonus points when they have not been redeemed yet? Both bank and IRS had no answers.?

jimbobsebring2015-01-29T16:26:22Z

Favorite Answer

They were earned in the last calendar year and that is considered earned income. When you use them has no bearing on this. For tax purposes the bonus points are income in the year earned not used. Shocked the bank could not explain this to you.

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