No bank ever sends a 1099 unless the payment is more than $10. I received a 1099 for y2000 from a bank for $3.84. The law does not require them to send you a 1099 if the earned amount is less than something, but it certainly does not prohibit it.As for taxes on rebates, I wonder why Citibank says "You are responsible for any taxes on Dividend Dollars payments".Has anybody ever been sent 1099 for credit card rebate from any issuer?
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