Is there tax of gift cards?

[cutepup]

Do you have to count amazon gift cards received for snapchat in your taxes?

 

[KylieJacobs]

Technically, yes, they should:

https://www.irs.gov/government-entities/federal-state-local-governments/de-minimis-fringe-benefits

 

[cutepup]

trying to keep record. i don't really know how. do i just pretend its currency and "add" it to what chaturbate pays me every 2 weeks?

 

[AerynShade]

I have a spreadsheet that I use to keep track of my income from all my various sources. I include delivery code payments and gift cards as well. I pay taxes on all my income, even from sources that don't generate tax documents. It's your legal responsibility.

 

[cutepup]

how do you organize it?

 

[Violet Dawn]

I put it as an extra source of income.

 

[Serenity_Tam]

This literally depends on your country's tax laws.


I claim all amazon things as gifts and as long as I stay under my limit for what I am allowed as gifts I don't claim it. Anything over I claim.