Tax Court Rules Cash Reward Profits from Credit Card Manufactured Spend could be Taxable

There’s an interesting ruling which came down from a tax court yesterday with regards to a couple who used their Old Blue Cash card to earn 5% cash back to buy Visa gift cards and do prepaid reloads, and to profit on the exchange. They spent over $6million during 2013 and 2014, and generated over [...]

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By Chuck