Question posted by keishacain on July 29th, 2013

Do We Have To Claim This On Our Taxes?

Most sites where you answer questions and get a payout you have to claim as income on your taxes every year. Since this site does not pay you in money, but in points that you can redeem for gift cards, do you have to claim it when tax time comes?

Current Answers

Answer #1: Posted by TommyKervz on July 29th, 2013 9:50 PM
This answer was accepted by the poster of the original question.
TommyKervz

Member since:
January 10th, 2013

Points: 17,776,813
1,110
points
Greetings - The rewards here should be taxable as an income based on the value of the cards. For precise ways in which you are to treat these, you can ask your ask your tax advisor as there are slight differences in taxation from state to state.


Hope that is helpful.
Kervz at www.satechhelp.co.za
Answer #2: Posted by pellkiness on July 30th, 2013 5:57 AM
pellkiness

Member since:
June 22nd, 2010

Points: 2,988,850
110
points
The answer above is incorrect. Income tax laws are federal and apply to ALL states. Income is income. You have to declare it.

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