Taxes on SR Rewards?

[iluvamystery89]

i was just wondering, if we earn over 600.00 in a year on SR, do we receive a 1099 or whatever to pay income taxes on it? just curious and my search yielded no results (probably because i didn't do something right, lol).

[SunshineGirl]

Because the majority of what we do is cash back (which is not taxable), we do not do 1099s. If you have earned more than $600 with something like surveys or offers, then it will be up to you to include it in when you file your taxes.

[m 'n c]

The CPA in me will strongly urge you to claim your earnings no matter the threshold but since I am not a tax accountant I really can't advise you on this one. I would think it wouldn't matter if SR never turned the info in to begin with and they couldn't since they don't have SSN. *But this is not a professional opinion.*

Dee - Your husband does taxes. What does he tell you?

[iluvamystery89]

fully intend to claim it if i make that much, just wondered if i'd receive any tax documents from SR

[m 'n c]

fully intend to claim it if i make that much, just wondered if i'd receive any tax documents from SR

No problems. It's one of those gray areas: claim vs. not claim. I just know that unless a site asks for you to fill out a tax form (forget the numbers w-8??) and return to them then you won't get any tax forms at the end of the year (ie 1099). It shouldn't be a big deal though if you just started this year and are trying to figure out your earnings. Next year might be a big of a challenge but nothing you can't keep a spreadsheet for