Promotional Credits
There is a de minimis threshold of $600 by the IRS for promotional credits. If the bonus received exceeds $600, a tax document is required to be generated. However, if the amount is less than the threshold, it will not be listed on your 1099.
Dividends
There is a de minimis threshold of $10 by the IRS for dividends received. If the total dividends received exceeds $10, a tax document is required to be generated. However, if the total dividend received is less than the threshold, it will not be listed on your 1099.
Please note: Per IRS guidelines, income received, even if it is under de minimis thresholds, is required to be reported when filing your tax return.
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