credit card rebates

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  • Unregistered

    #1

    credit card rebates

    are credit card cash back rebates taxable income
  • Bees Knees
    Senior Member
    • May 2005
    • 5456

    #2
    No, not unless you took a tax deduction for the purchase price of the things purchased with the credit card.

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    • fliszt
      Senior Member
      • Jun 2005
      • 518

      #3
      rebates

      I agree with Bees Knees. Go through the purchases to find items deducted on tax return to develope a % of deductible expenses. Then multiply the rebate by that % and then that would be your reportable income.
      Larry M

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