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Get your taxes done using TurboTax
Bottom line is that it should not be classified a s taxable income.
However, I have a follow up question to this situation:
Normally credit card rewards (e.g. frequent flyer miles, cash-back etc) are tax exempt. However, if my credit card fees are lower than my reward, I will make a net gain on the "round trip". Would this somehow make my rewards taxable?
March 28, 2020
10:01 PM