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June 3, 2019
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I received a reimbursement for finance charges as part of credit card fraud event, do I need to report as income?

  • June 3, 2019
  • 1 reply
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I received a reimbursement for finance charges as part of credit card fraud event, do I need to report as income?

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No since finance charges are not deductible so therefore reimbursement of finance charges would not be considered as income.

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Answer
June 3, 2019

No since finance charges are not deductible so therefore reimbursement of finance charges would not be considered as income.