Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Tax question - Suze Orman Save Yourself account $100 bonus

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » DU Groups » Economy & Jobs » Personal Finance and Investing Group Donate to DU
 
wildflowergardener Donating Member (863 posts) Send PM | Profile | Ignore Mon Jan-26-09 08:52 PM
Original message
Tax question - Suze Orman Save Yourself account $100 bonus
I don't know if anyone here can help me. I generally do my own taxes via Turbotax. Suze Orman had a special deal called a save yourself account, where you put $50 a month in the account for a year, and at the end of 12 months they'd give you $100. I was trying to figure out if I needed to put that $100 on my taxes as interest, or taxable income. I don't think I'll get a 1099 for it since I didn't earn much regular interest.

Ameritrade, who runs the account is no help - can't give tax advice they say. Still it seems like if they have an account they should know if it's interest or not.

Any idea? I know I could consult a tax professional, but for only $100 it seems like an awful expense.
If I can't figure out anything else I'm just going to put it down as interest - that's what I've seen on websites of some banks who give bonuses for opening accounts.

Meg
Refresh | 0 Recommendations Printer Friendly | Permalink | Reply | Top
DrDan Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-28-09 09:17 AM
Response to Original message
1. seems to me that if you do not get a 1099, no need to report
Printer Friendly | Permalink | Reply | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Mon Apr 29th 2024, 03:10 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » DU Groups » Economy & Jobs » Personal Finance and Investing Group Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC