A rebate received from a vendor from whom you purchased something is considered as a reduction of your purchase price.
A rebate from non-vendor sources is taxable income, which can be reported as Other Reportable income.
To report this income, open your return and follow these steps:
- Click on Federal in the left-hand column, then on Wages and Income on top of the screen
- Scroll down to All Income, locate the Less Common Income section
- Click Show more and click Start next to Miscellaneous Income at the bottom
- On the next page, click Start next to Other Reportable Income.
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