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Is rakeback income?
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02-24-2007, 11:44 PM
goodgrief
Senior Member
Join Date: Apr 2006
Posts: 480
Re: Is rakeback income?
A rebate or discounted price is not income. When you buy something on sale, you don't pay tax. When you get a rebate from the auto dealership, you don't pay tax. Seems pretty straight forward to me.
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