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

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

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

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

View solution in original post

1 Reply

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

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

Still have questions?