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Docusign tax related received from Lucid

SoCal_AirTouring said:
Is this counted within the calendar year and reset at the beginning of the next year? For example, if I use under 4750 points now (and no more points in 2025) and then another 4750 points in January of 2026 (and no more points in 2026), am I still remaining under the limit of $600 for both years?
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Don't forget to account for the points that cover sales tax!
 
I just got an email stating that redeeming points might be considered a taxable event - guess that's something to keep in mind!
 
clay53 said:
I just got an email stating that redeeming points might be considered a taxable event - guess that's something to keep in mind!
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Thus this thread.
 
Thanks to everyone who used my referrals. I have all 4 used up for 2025 so now if I do not want a 1099 it will take me 3 more years to redeem them. Maybe they will offer more stuff by then. 🙏🙏 2026 is around the corner.
 
Sam6062 said:
Thanks to everyone who used my referrals. I have all 4 used up for 2025 so now if I do not want a 1099 it will take me 3 more years to redeem them. Maybe they will offer more stuff by then. 🙏🙏 2026 is around the corner.
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In 2026 the threshold for required 1099 reporting moves to $20k. Lucid could send a 1099 for less but I doubt they will. Next year the rewards store may be much more useful.
 
Adnillien said:
In 2026 the threshold for required 1099 reporting moves to $20k. Lucid could send a 1099 for less but I doubt they will. Next year the rewards store may be much more useful.
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That's great! I have a lot of points to use.
 
Adnillien said:
In 2026 the threshold for required 1099 reporting moves to $20k. Lucid could send a 1099 for less but I doubt they will. Next year the rewards store may be much more useful.
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Sorry to be the bearer of bad news, or at least 'less good' news, but I'm pretty sure the 2026 threshold for filing a 1099-MISC is going up to $2,000 and not $20,000.

It's the 1099-K that has reverted to the original standard of over $20,000 in gross payments AND more than 200 transactions. Companies like Etsy will be thrilled. Buffalo Bob and the Lucid Gang... Probably not so much.
 
Buffalo Bob said:
Sorry to be the bearer of bad news, or at least 'less good' news, but I'm pretty sure the 2026 threshold for filing a 1099-MISC is going up to $2,000 and not $20,000.

It's the 1099-K that has reverted to the original standard of over $20,000 in gross payments AND more than 200 transactions. Companies like Etsy will be thrilled. Buffalo Bob and the Lucid Gang... Probably not so much.
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Fair. Still better than $600.
 
Buffalo Bob said:
Sorry to be the bearer of bad news, or at least 'less good' news, but I'm pretty sure the 2026 threshold for filing a 1099-MISC is going up to $2,000 and not $20,000.

It's the 1099-K that has reverted to the original standard of over $20,000 in gross payments AND more than 200 transactions. Companies like Etsy will be thrilled. Buffalo Bob and the Lucid Gang... Probably not so much.
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That's still good news. How can we verify at what point threshold Lucid sends 1099-MISC forms?
 
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