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Money Credit Back to Bank Reported as 1099-MISC?

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Question: 
Is money credited to a bank customer through a debit card cash back rewards program reported as part of 1099-MISC?
Answer: 

There is no clear ruling by the IRS on this issue, but it would have to exceed $600 to be reportable.

First published on BankersOnline.com 7/9/12

First published on 07/09/2012

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