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rthabash
Level 2

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?

1 Best answer

Accepted Solutions
CynthiaR
New Member

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.

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1 Reply
CynthiaR
New Member

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.

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