My home mortgage bank transferred my mortgage to another bank in 2017. I was on a cash back program with the first bank so when the mortgage was transferred, I received a lump sump of $2892.44; description: "MARKETING AND MORTGAGE PROMOTIONS SWEEPSTAKES, PRICES, BOOKS OR APOLOGY CREDITS". I received a 1099-Misc for this lump sump.
Do I need to report this 1099-Misc on my 2018 income tax return? If it wasn't for the mortgage transfer the cash back would have been gone toward my mortgage principle every month.
