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gomoho 02-09-2014 06:32 PM
Tax Question
 
Assuming a job search expense to be legitimate - if you paid for airfare and hotel using points how would you convert those points to a cash value?

Jayhawk 02-09-2014 08:32 PM
Quote:
Originally Posted by gomoho (Post 826849)
Assuming a job search expense to be legitimate - if you paid for airfare and hotel using points how would you convert those points to a cash value?
If you earned the miles from actual flying or through credit card rewards, they generally are not taxable. Therefore, I don't believe you have any way to covert them to cash value to in turn deduct as an expense.

Bonanza 02-09-2014 09:05 PM
Quote:
Originally Posted by gomoho (Post 826849)
Assuming a job search expense to be legitimate - if you paid for airfare and hotel using points how would you convert those points to a cash value?
Truthfuly, I think the answer to your question is, "How good is your accountant??!?"


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