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1987camry
New Member

I received a gift card from a business to use in that business for participating in a survey. Where do I enter the amount on my taxes?

Where do you enter the amount of the gift card received on the 1040 form?
2 Replies
Bsch4477
Level 15

I received a gift card from a business to use in that business for participating in a survey. Where do I enter the amount on my taxes?

CSKcpa56
Level 2

I received a gift card from a business to use in that business for participating in a survey. Where do I enter the amount on my taxes?

IF the business issued you a 1099-MISC then it would be reported on "Other Income". Be careful to make sure you don't indicate it is subject to Self employment tax. However, If the business didn't issue you a 1099_MISC I don't see a reason to include it in income. I know a purist would say IRC 61 says "income from whatever source derived" but if it's under $600 it's a deminimis amount. 

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