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nfh1993
Returning Member

Do I have to report points/income from websites like Inbox Dollars or Swagbucks that I have never redeemed or even converted into cash?

 
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3 Replies

Do I have to report points/income from websites like Inbox Dollars or Swagbucks that I have never redeemed or even converted into cash?

Which earning activities count towards being taxable?

A: The following activities AREclassified as taxable:

  • Registration/Promotional/Referral
  • Search
  • Answer (Surveys, Tasks & Any Receipt)
  • Games (except GSN)
  • SB Live
nfh1993
Returning Member

Do I have to report points/income from websites like Inbox Dollars or Swagbucks that I have never redeemed or even converted into cash?

Thanks for the quick reply! I guess it makes sense that they are taxable. But I only opened these apps and maybe did a couple surverys.

 

I never actually redeemed the money to my memory.

 

And now I'm wondering should I go back and redo my taxes because of this.

 

Thanks!

rjs
Level 15
Level 15

Do I have to report points/income from websites like Inbox Dollars or Swagbucks that I have never redeemed or even converted into cash?

It doesn't matter that you didn't redeem them. The money was available to you anytime you wanted to take it, so it was income that you received. Think of it as being like interest on a bank account. When the interest is credited to your account it's taxable income to you, even if you leave the money in the account.


Whether you should amend your tax return depends on how much the income or the additional tax is. If it's very small, don't bother amending. There is no firm or official rule about how much is "very small."

 

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