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I opened new chase saving and checking accounts in Jan 2017 and got a total of $500 for signing up. Do I need to report this amount as income?
Does Discover credit card have to report any bonus or cash back rewards? I didn't receive a 1099-INT form from Discover.
Thanks.
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Firstly, it would not be reported on a 1099-INT, meaning interest. Secondly, as you did not otherwise receive any formal reporting Discover forms there is no reason to report your $500 as income.
This link may clarify your concerns.
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