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socktape · 11-23-2010, 11:02 AM

I know that it used to be that if you redeemed points/miles that you earned through business transactions you were to claim the amount that it would normally cost for the item/ticket as revenue. So if that 10k worth of points bought you what was normally a 300 dollar flight to Vancouver you had to claim the $300 as income. That was a while ago... not sure if it has or how it might have changed since then.

There you go in the post above.... it has changed a bit...

11-23-2010, 11:02 AM	#8
socktape Crash and Bang Winger Join Date: Jun 2008 Location: I went west as a young man Exp:	I know that it used to be that if you redeemed points/miles that you earned through business transactions you were to claim the amount that it would normally cost for the item/ticket as revenue. So if that 10k worth of points bought you what was normally a 300 dollar flight to Vancouver you had to claim the $300 as income. That was a while ago... not sure if it has or how it might have changed since then. There you go in the post above.... it has changed a bit... Last edited by socktape; 11-23-2010 at 11:03 AM. Reason: edited in light of Ace's post