Hi slduffy5,
The value of the gift cards are taxable income.
Please report this under this here:
Federal taxes - Wages & income - I'll choose what I work
on - Less common income - Misc income 1099-A 1099-C
If your screen looks different than mine, it may be because you are using a different version of TurboTax than I am.
Gift certificates
Cash or cash equivalent items provided by the employer are never excludable from income. An exception applies for occasional meal money or transportation fare to allow an employee to work beyond normal hours. Gift certificates that are redeemable for general merchandise or have a cash equivalent value are not de minimis benefits and are taxable.
I’ve included a link to the IRS website for your reference:
http://www.irs.gov/Government-Entities/Federal,-State-&-Local-Governments/De-Minimis-Fringe-Benefits
I hope this resolves your question. If you need further help with this
issue, please respond to this post.
Thank you for choosing TurboTax!
