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Bank promotional cash
Hello, I'm confused. In 2021 I opened two checking accounts with two different banks and they both gave me around $300 in promotional cash.
One bank produced a 1099-INT for that amount but the other one did NOT produce it. When I asked, they told me that since it's a promotion, it would have qualified for a 1099-MISC (not INT) only if it was more than $600, so they do not produce any form.
Who is right and who is wrong and what should I do?
Thank you
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‎January 28, 2022
7:09 PM