z******w
发帖数: 549 | 1 开Citi gold checking得了4W的TYP，怕超过600，换了5000的gift卡，接1．6算的话也
就剰560。不过我信用卡转过来5wTYP，Citi的系统能聪明到区分来源吗？会不会有1099
？ |
y****i
发帖数: 17878 | 2 TYP redemption order is FIFO
yes citi is smart enough (//gasp) to track the sources automatically
don't quite understand your math, though
1099
【在 z******w 的大作中提到】
: 开Citi gold checking得了4W的TYP，怕超过600，换了5000的gift卡，接1．6算的话也
: 就剰560。不过我信用卡转过来5wTYP，Citi的系统能聪明到区分来源吗？会不会有1099
: ？
|
s**********d
发帖数: 36899 | |
z******w
发帖数: 549 | 4 Thanks. Baozi to you :)
(4W-0.5W)x1.6=$560
【在 y****i 的大作中提到】
: TYP redemption order is FIFO
: yes citi is smart enough (//gasp) to track the sources automatically
: don't quite understand your math, though
:
: 1099
|
y****i
发帖数: 17878 | 5 you have to figure out where those 50,000 TYPs came from for redeeming $500
GC
it might be 4W from checking (taxable) + 1W from CC or 5W all from CC
depending on the expiration dates of TYPs if there is any
however, no 1099 in either case
【在 z******w 的大作中提到】
: Thanks. Baozi to you :)
: (4W-0.5W)x1.6=$560
|
y****i
发帖数: 17878 | 6 of course not
【在 s**********d 的大作中提到】
: 得了就有跟你换啥没关系。
|
z******w
发帖数: 549 | 7 sorry for the confuse.
4w from checking. used 5000 to redeem gift cards.
(4W-0.5W)x1.6=$560
Then transfer 6W TYP from credit card. So total 9.5Wx1.6
=$1520
If FIFO, I will not get 1099, right?
Thanks
500
【在 y****i 的大作中提到】
: you have to figure out where those 50,000 TYPs came from for redeeming $500
: GC
: it might be 4W from checking (taxable) + 1W from CC or 5W all from CC
: depending on the expiration dates of TYPs if there is any
: however, no 1099 in either case
|
y****i
发帖数: 17878 | 8 I see what you did - 5,000 TYPs from checking bonus -> $50 gift card
no, in this redemption, 1 TYP = 1 cent so your value is $50 not $50 x 1.6 =
$80, way under $600 threshold for 1099
it is a taxable event when you redeem those taxable TYPs. you are safe as
long as you stay under $600 in a calendar year
【在 z******w 的大作中提到】
: sorry for the confuse.
: 4w from checking. used 5000 to redeem gift cards.
: (4W-0.5W)x1.6=$560
: Then transfer 6W TYP from credit card. So total 9.5Wx1.6
: =$1520
: If FIFO, I will not get 1099, right?
: Thanks
:
: 500
|
y****i
发帖数: 17878 | 9 however, if your use those 40,000 TYP checking bonus to book an American
Airlines flight at 1.6c/pt (assuming you have citi prestige), the redemption
value is $640 so you might be hit with 1099
=
【在 y****i 的大作中提到】
: I see what you did - 5,000 TYPs from checking bonus -> $50 gift card
: no, in this redemption, 1 TYP = 1 cent so your value is $50 not $50 x 1.6 =
: $80, way under $600 threshold for 1099
: it is a taxable event when you redeem those taxable TYPs. you are safe as
: long as you stay under $600 in a calendar year
|
c*****v
发帖数: 839 | 10 1. Only the banking TYP are taxable.
2. Redemption of banking TYP<$600 in a year. You won't get 1099.
1099
【在 z******w 的大作中提到】
: 开Citi gold checking得了4W的TYP，怕超过600，换了5000的gift卡，接1．6算的话也
: 就剰560。不过我信用卡转过来5wTYP，Citi的系统能聪明到区分来源吗？会不会有1099
: ？
|
|
|
s**********d
发帖数: 36899 | 11 我错了，是按兑出来的价值。。。
【在 s**********d 的大作中提到】
: 得了就有跟你换啥没关系。
|
p*******s
发帖数: 516 | 12 请问用Premier卡的TYP换成mortgage payment超过600是否会收到1099?
redemption
【在 y****i 的大作中提到】
: however, if your use those 40,000 TYP checking bonus to book an American
: Airlines flight at 1.6c/pt (assuming you have citi prestige), the redemption
: value is $640 so you might be hit with 1099
:
: =
|
y****i
发帖数: 17878 | 13 no, those TYPs are not taxable
【在 p*******s 的大作中提到】
: 请问用Premier卡的TYP换成mortgage payment超过600是否会收到1099?
:
: redemption
|
s******y
发帖数: 205 | 14 若问下每年是按calendar year还是按什么？
【在 c*****v 的大作中提到】
: 1. Only the banking TYP are taxable.
: 2. Redemption of banking TYP<$600 in a year. You won't get 1099.
:
: 1099
|
y****i
发帖数: 17878 | 15 calendar year
【在 s******y 的大作中提到】
: 若问下每年是按calendar year还是按什么？
|
s******y
发帖数: 205 | 16 谢谢老余
【在 y****i 的大作中提到】
: calendar year
|
p*******s
发帖数: 516 | 17 谢谢
【在 y****i 的大作中提到】
: no, those TYPs are not taxable
|
