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Level 2
February 21, 2021
Solved

USAA Rewards Program

  • February 21, 2021
  • 1 reply
  • 1 view

I received a distribution from a USAA real estate rewards network program in 2020. I did not receive a tax form for the money I received and the FAQ at USAA say to ask my tax advisor (TurboTax). How should I handle this money I received from this program? Thank you.

    Best answer by JeffreyR77

    This is taxable income, but not subject to self-employment taxes.  It can be entered into TurboTax Self-employed by going to Federal, Income and Expenses, Less Common Income, Other Miscellaneous Income 1099-A, 1099-C, Other miscellaneous taxable income.

     

     

     

    1 reply

    Level 10
    February 22, 2021

    This is taxable income, but not subject to self-employment taxes.  It can be entered into TurboTax Self-employed by going to Federal, Income and Expenses, Less Common Income, Other Miscellaneous Income 1099-A, 1099-C, Other miscellaneous taxable income.

     

     

     

    jdw8868Author
    Level 2
    February 25, 2021

    That worked, thank you!