I am on the amazon shopping panel . I submit 10 receipt and able to get a $10 gift card only to be used at amazon. Do I have to claim this on my taxes ?

[karma3]

Sometimes with amazon shopping panel you are able to do survey for sometimes .25 cents but the gift cards are never more then $11. If I have to claim this on my taxes how do I do this ?

[MinhT1]

Yes, this is income which must to be reported on your tax return.

You need to report this income as Other Reportable Income.

In TurboTax, open your return and follow these steps:

1. Click on Federal in the left-hand column, then on Wages and Income on top of the screen
2. Scroll down to locate the Less Common Income section
3. Click Show more and click Start next to Miscellaneous Income at the bottom
4. On the next page, click Start next to Other Reportable Income.

[That-Guy-J]

I know it's been a year since this question but I had a follow-up question. I always consider the Amazon rewards and similarly Google survey rewards to be discounts rather than income because they only give you credits to use at their own store, not like a visa gift card or gift card for another store. To me this seems more like a store discount than any sort of income. Is that not the case?

[MarilynG1]

If you are required to file a tax return, you should report your Amazon gift card amounts (received for completing surveys) as 'Other Income'.  

This differs from a 'discount', where you had to spend money to receive a gift card (or cash back %). 

Obviously, if you receive a 1099 form, you need to report it.

If you are not required to file a tax return, you could choose not to report this income, but save documentation of what you received if the IRS contacts you.  

Unless you earned more than the Standard Deduction, the income would not be taxable (unless reporting as Self-Employment Income over $400).

@That-Guy-J