Do you have to file taxes from the points you earn? (Resolved)

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Points2Shop Forums » Support » Do you have to file taxes from the points you earn? (Resolved)
Created: 2011-10-27 18:05:20
Slick20
US (CA) bronze
New Poster
Total posts: 8
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Date of Birth: 90-07-01
Total Earnings: $-1.9
reply date: 2011-10-27 18:05:20


Just wondering, I live in California, I think the limit is $600? I'm not entirely sure.

So if I reach over 600000 points, what will happen? Do I receive a IRS form in the mail or
something?
2010-07-29 14:14:51
chevychic255
US moderator
Points2Helper
Total posts: 5642
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Total Earnings: $1173.21
reply date: 2011-10-27 18:06:32


From points, no you will not. It's only if you earn a total of $600 in cash alone. You can see how much cash you've earned this year on the Points & Cash page under the Account tab.
SCMIsfit
US (IL) diamond
Am I spamming?
Total posts: 324
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Date of Birth: 86-09-17
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reply date: 2011-10-27 18:07:34


cool, i jus learned something 2day thanx :)
chevychic255
US moderator
Points2Helper
Total posts: 5642
Status: Offline
Total Earnings: $1173.21
reply date: 2011-10-27 18:13:30


Yeah, no problem. :)
I suppose this answers your topic completely, so I'm gonna mark it as Resolved.
Slick20
US (CA) bronze
New Poster
Total posts: 8
Status: Offline
Date of Birth: 90-07-01
Total Earnings: $-1.9
reply date: 2011-10-27 20:36:57


Yeah, no problem.
I suppose this answers your topic completely, so I'm gonna mark it as Resolved. chevychic255


Yes it does.

Thanks.
2010-07-29 14:14:51
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