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Message |
   
Simhapuri_kurrodu
Comedian Username: Simhapuri_kurrodu
Post Number: 1845 Registered: 07-2008 Posted From: 76.109.159.156
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:59 pm: |
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thanks everyone, filed the returns without mentioning the points. |
   
Andhrawala
Hero Username: Andhrawala
Post Number: 18697 Registered: 03-2008 Posted From: 71.65.232.134
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:43 pm: |
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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 No Signature |
   
Saint
Hero Username: Saint
Post Number: 12703 Registered: 01-2011 Posted From: 24.6.184.133
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:41 pm: |
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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... |
   
Simhapuri_kurrodu
Comedian Username: Simhapuri_kurrodu
Post Number: 1844 Registered: 07-2008 Posted From: 76.109.159.156
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:24 pm: |
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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 |
   
Truelies
Side Hero Username: Truelies
Post Number: 7583 Registered: 05-2012 Posted From: 74.237.6.152
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:07 pm: |
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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. |
   
Truelies
Side Hero Username: Truelies
Post Number: 7582 Registered: 05-2012 Posted From: 74.237.6.152
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 06:05 pm: |
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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. |
   
Andhrawala
Hero Username: Andhrawala
Post Number: 18696 Registered: 03-2008 Posted From: 71.65.232.134
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 05:59 pm: |
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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 No Signature |
   
Emc2
Hero Username: Emc2
Post Number: 10890 Registered: 03-2008 Posted From: 71.246.229.243
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 05:57 pm: |
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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
Comedian Username: Simhapuri_kurrodu
Post Number: 1843 Registered: 07-2008 Posted From: 76.109.159.156
Rating: N/A Votes: 0 (Vote!) | | Posted on Saturday, March 02, 2013 - 05:54 pm: |
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credit card points 500$ ki equivalent vachayi. should i mention this in tax returns? |