2007-01-24 06:37:43 · 4 answers · asked by Wondering???? 1 in Business & Finance ➔ Taxes ➔ United States
If they issued you a 1099 showing the amount you received, then it is taxable. I would argue that it is not taxable since it really isn't income, it is a rebate on your purchases. So you can say that it is like redeeming a coupon on your purchase. We would never report the savings we get on our purchases through coupons or purchase rebates as taxable income.
2007-01-24 07:28:40 · answer #1 · answered by jseah114 6 · 2⤊ 0⤋
This is a rebate check for personal purchases. It is not taxable.
2007-01-24 18:24:35 · answer #2 · answered by ninasgramma 7 · 0⤊ 0⤋
It shouldn't be, since it's just a rebate on purchases.
2007-01-24 09:13:21 · answer #3 · answered by Judy 7 · 0⤊ 0⤋
I would think that it is.
2007-01-24 14:48:12 · answer #4 · answered by strawberrycrush 4 · 0⤊ 1⤋