▲ 1 r/IRS

Rewards points from product manufacturers and how they are taxable

I receive points from product manufacturers throughout rewards programs. Essentially I submit proof of sales and they give me points for it that I can eventually cash in for discounts or products themselves. Im at a loss with how these are to be taxed. A quick look shows the IRS has guidelines for these points stating they are to be taxed at FMV when received not cashed.
But they have no fixed value or FMV, the company states they will issue a 1099 misc if you exceed 2000 usd, but what if I don’t? I cant tell if I should add redemption products to my 1040 on section 8I

The company states that they use their dealer price catalog to establish the value of redeemed items towards that 2000 threshold for 1099 misc.

For context I work for an approved dealer of these products. Not for the manufacturers who issue points.

For example, I may have enough points to redeem an item that has a retail value of approximately $300, but I cannot simply exchange the points for $300 in cash, transfer them to someone else, or necessarily redeem them for $300 of my choosing. The value only becomes apparent when I use the points for a particular reward.

My concern is how these points should be treated for U.S. federal income-tax purposes. Specifically, I want to determine whether receiving the points themselves constitutes taxable income, or whether taxation occurs only when the points are redeemed. If they are taxable when received, I am unsure how I could reasonably determine their fair market value because

reddit.com
u/cammi11159603 — 23 hours ago

Trying to Figure out what to feed my Weatherby Vanguard in 6.5 creedMore for Hunting

Hornady LDX
Hornady American white tail
Federal fusion
Federal power shock

Or other?

Im looking to hunt with it. In florida. I have access to 200 meters so thats the distance I’d like to be able to shoot. )I have shot much further)

Im trying to strike a ballance between function and cost. With hunting in mind deer/ hogs.

I haven’t zeroed it yet. So these would be the options to try
Any recomendations are appreciated

reddit.com
u/cammi11159603 — 21 days ago
▲ 3 r/FLGuns

Trying to get into a super budget deer rifle. Is the savage XP really worth it?

Its been one of those years where I really Shouldn’t be splashing but in the absence of owning a deer caliber rifle Im feeling the need to get one. I know people recommend the Ruger Americans or the Howas but those are seemilygly 7-900 without optics.

Any thoughts?

reddit.com
u/cammi11159603 — 1 month ago

CZ 712 G3 wood Finish wearing off. Suggestions?

The brown finish on the textured grip of my shotguns fire grip is wearing off the bown and showing a light wood colour on some of the tops. Im not mad about it but I want to see if I can help preserve it. Its only been through one short season. Any suggestions?

reddit.com
u/cammi11159603 — 2 months ago

How do you guys make friends with boats?

I moved from Tampa to Melbourne last year. I had a bunch of buddies on the WC to go fishing with and of course split the cost. I had one buddy over here who sold up because he became a parent. That was last year. No one I work with had a boat. I haven’t been fishing from a boat in over a year😂 anyone else have similar issues?

reddit.com
u/cammi11159603 — 2 months ago

Going on a Hubbard’s 39 hour trip and I want to troll.

Do I really need Jerry Brown/ diawa / diamond, or is spiderwire or another budget braid good enough

Going on a pen 50W vsw

reddit.com
u/cammi11159603 — 3 months ago

Advice needed for the Hubbards 39 hour trip with equipment selection.

Driving myself up the wall trying to understand between everyone’s two cents on gear plus hubbards and I cant get decent information out of anyone at Hubbards.

Im planning on taking a Pen squal VSW to troll out and in no idea what line setup. Thinking about like 600 yards of 80# braid and the rest 80# mono (advice on this please )

Thinking my second rod is gonna be my pen fathom 2 30 size with 65 lb braid that I will tie different leaders on to depending on need.

Any suggestions welcome im 3 days into research and getting nowhere

reddit.com
u/cammi11159603 — 3 months ago

Experiences with braid for trolling?

Im trying to make a choice on braid for trolling I’ve heard about Diamond, suffix 832, and Yo-zuri mostly. I want that that balance between quality enough to matter but Im trying not to just throw money at the wall. 100lb poundage targeting smaller bills and stuff like wahoo. Looking for first hand experience please as so far everywhere I have asked just becomes arguing with no actual experience being mentioned. Im worried about the braid biting into the spool mostly Thanks in advance

EDIT: for clarification Im asking for recommendations out of the ones mentioned or others.

reddit.com
u/cammi11159603 — 3 months ago

Looking for budget big game reels/ combos

Im going on a fishinh trip where the organisers recommend at least a 9ot or 60-80 wide conventional two speed or high speed reel. For bigger game. Im trying to spend as little as possible on a set up or a combo. Any recommendations appreciated. Thanks guys

reddit.com
u/cammi11159603 — 3 months ago

Doing research for a family member. What is the best way/ place to rent a RV for ten days in Florida?

I have family visiting from Europe in 2027 and they want to rent an RV from the Orlando area and take it down to the keys and back. They will be here for around two weeks. I’ve looked at surface level comparison sites etc but personal experience is better. Can anyone recommend a company or business?

As always budget is heavy on the decision. It’s only gonna be two people so anything down to a class B camper van style or a little bigger is worth considering.

Thank you all in advance.

reddit.com
u/cammi11159603 — 3 months ago

Im trying to choose a new reel. Will be used for deep dopping. Bottom fishing and trolling. I want to stick to the 200USD ish budget open to lower but not higher. Open to record and thoughts on the level wind vs not

reddit.com
u/cammi11159603 — 4 months ago
▲ 5 r/CCW

I cant seem to settle. I feel the need for one with the wing, looked at Fattac because I want something with a super low ride height. But they don’t so wings. Looked at the Vedder pro tuck but it seems higher up. Also looked at light tuck but I don’t think I like the holsters that have such a narrow attach point. More than likely will be 3-5 carry only.

reddit.com
u/cammi11159603 — 4 months ago