Re: Ed Miller\'s Tax Article
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Another analogy would be a bank that gives you a gift for opening an account. IMO, that gift isn't taxable. I see rakebacks and bonuses the same way.
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Recently I received a $50 bonus from my bank for using direct deposit and I am told it will appear as "interest income" on a form at the end of the year. So, cash bonuses are, in my mind, "other income" or could be considered as reductions of your cost basis. Either way, I'd suggest reporting them to be consistent.
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