Rewards sites and tax?

[pinkxray]

I've been a member of Sunshine Rewards for awhile and just joined Swagbucks. I haven't earned much before but am going to try to do a bit better this year.

How much do you have to earn before you have to ask for a statement for your taxes?

Thanks!

 

[mistysue]

It is possible that these sites have different rules but they should be required to send you a 1099 if you make $600 or more. I know that is when an employer has to do so.

 

[marius97]

I've been a member of Sunshine Rewards for awhile and just joined Swagbucks. I haven't earned much before but am going to try to do a bit better this year.

How much do you have to earn before you have to ask for a statement for your taxes?

Thanks!

Though for what it is worth, they don't have to send you a 1099 for you to be required to declare the income on your taxes. Any income that you have must be declared unless specifically excluded by the IRS.

 

[tar heel]

Tricia, the owner of Sunshine Rewards, is a lawyer and she has addressed this issue on her site. I don't want to risk giving you wrong information, so you might want to do a search or contact her directly about SR proceeds (not calling it income).

One thing I do know for sure is that you don't have to file an income tax return for self employment if you make under $400.