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> you now owe income tax on those miles. How do you calculate the tax on that?
by sumedh 5y ago
> you now owe income tax on those miles.
How do you calculate the tax on that?
- twox2 5y agoBased on the value of the "item" for example airlines will assign a value to these miles ie (100,000 miles worth $1200) - or something like that. Otherwise, I don't know. I'm not an accountant/cpa, but I know that this stuff is taxable whether it's tokens or ketchup packets.