Home Residents in Japan US Tax – Would PayPay and points back received from it require to be reported on FBAR and form 1040?RResidents in JapanUS Tax – Would PayPay and points back received from it require to be reported on FBAR and form 1040?February 14, 20233 comments Seems to be another grey area as it is not a bank account— or would it be considered one?Does anybody happen to have a definitive answer to this and perhaps a source as well? Tags:Japan LifeLiving in JapanResidents in Japan 3 commentsDo people file for airline miles in the US…? Or prepaid transit cards??No, points are treated as rebates and not income for US tax reporting purposes.Might as well include discounts you get on Rakuten and Amazon too. /sNo they are not considered as income.Leave a ReplyYou must be logged in to post a comment.
Might as well include discounts you get on Rakuten and Amazon too. /sNo they are not considered as income.
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3 comments
Do people file for airline miles in the US…? Or prepaid transit cards??
No, points are treated as rebates and not income for US tax reporting purposes.
Might as well include discounts you get on Rakuten and Amazon too. /s
No they are not considered as income.