wildflowergardener
(863 posts)
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Mon Jan-26-09 08:52 PM
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Tax question - Suze Orman Save Yourself account $100 bonus |
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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
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DrDan
(1000+ posts)
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Wed Jan-28-09 09:17 AM
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1. seems to me that if you do not get a 1099, no need to report |
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Thu Oct 23rd 2025, 03:01 PM
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