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Level 2
posted Jun 3, 2019 1:45:05 PM

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?

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1 Best answer
New Member
Jun 3, 2019 1:45:06 PM

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

1 Replies
New Member
Jun 3, 2019 1:45:06 PM

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