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Simhapuri_kurrodu
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Username: Simhapuri_kurrodu

Post Number: 1845
Registered: 07-2008
Posted From: 76.109.159.156

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Posted on Saturday, March 02, 2013 - 06:59 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

thanks everyone, filed the returns without mentioning the points.
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Andhrawala
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Username: Andhrawala

Post Number: 18697
Registered: 03-2008
Posted From: 71.65.232.134

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Posted on Saturday, March 02, 2013 - 06:43 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Saint:


this is valid....u must report this income...

but credit card money..after spending some amount..they wud give u some money back to ur card...or points or cash back bonus...u wont get 1099 for this....so u dont need to report that income....if u receive 1099..u must report....(if it is considerable amount) <1 ithe ignore madi...




nenu cheppindhi idheee
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Saint
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Username: Saint

Post Number: 12703
Registered: 01-2011
Posted From: 24.6.184.133

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Posted on Saturday, March 02, 2013 - 06:41 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Truelies:

i opened chase checking a/c, they gave me $150 free bonus money for opening. they sent 1099 at year end. so i reported this in my tax returns.

if you have received 1099, then must report this. if not, lite theesukochu.




this is valid....u must report this income...

but credit card money..after spending some amount..they wud give u some money back to ur card...or points or cash back bonus...u wont get 1099 for this....so u dont need to report that income....if u receive 1099..u must report....(if it is considerable amount) <1 ithe ignore madi...
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Simhapuri_kurrodu
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Username: Simhapuri_kurrodu

Post Number: 1844
Registered: 07-2008
Posted From: 76.109.159.156

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Posted on Saturday, March 02, 2013 - 06:24 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Truelies:

opened chase checking a/c, they gave me $150 free bonus money for opening. they sent 1099 at year end. so i reported this in my tax returns.




idi pampadu naku kooda, but cc points ki pamplaedu. not sure where to report, turbo tax lo 1099 lekapothe manual option kanpinchaledu, choodali
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Truelies
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Username: Truelies

Post Number: 7583
Registered: 05-2012
Posted From: 74.237.6.152

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Posted on Saturday, March 02, 2013 - 06:07 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

i opened chase checking a/c, they gave me $150 free bonus money for opening. they sent 1099 at year end. so i reported this in my tax returns.

if you have received 1099, then must report this. if not, lite theesukochu.
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Truelies
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Username: Truelies

Post Number: 7582
Registered: 05-2012
Posted From: 74.237.6.152

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Posted on Saturday, March 02, 2013 - 06:05 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Simhapuri_kurrodu:




if your bank has sent you form 1099, then you must mention this in tax returns...1099 form vachi kooda, returns lo mention cheyyakapothey, IRS will hunt you down.

not all banks will send 1099. i got American Airlines car with bonus miles from citibank, they sent me 1099. so i paid tax.

if your bank doesn't sent 1099, then no action required.


Andhrawala:

veetiki piccha litee




wrong advice.
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Andhrawala
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Username: Andhrawala

Post Number: 18696
Registered: 03-2008
Posted From: 71.65.232.134

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Posted on Saturday, March 02, 2013 - 05:59 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Simhapuri_kurrodu:

credit card points 500$ ki equivalent vachayi. should i mention this in tax returns?




veetiki piccha litee

idhe banka ccount ki vasthe u have to pay and they will treat it as dividend

Credit card fess ki deduction ledhu so rewards ki tax ledhuu
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Emc2
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Username: Emc2

Post Number: 10890
Registered: 03-2008
Posted From: 71.246.229.243

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Posted on Saturday, March 02, 2013 - 05:57 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

did they send you 1090 int? or can they track any where?

if you fear that they can track you can pay tax other wise very lite
cherapakura chedevu.
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Simhapuri_kurrodu
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Username: Simhapuri_kurrodu

Post Number: 1843
Registered: 07-2008
Posted From: 76.109.159.156

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Posted on Saturday, March 02, 2013 - 05:54 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

credit card points 500$ ki equivalent vachayi. should i mention this in tax returns?

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