Here's my thoughts on my question I asked above,
on one hand it's a profit so it should be reported.
On the other hand, since the IRS ruled that they are considered a rebate, as technically I could have used them as a payment towards my statement.
So it's considered cash. If I sold cash to someone, I shouldn't have to report that.
Am I wrong ?
Maybe, I only have to report the difference in price from the one cent each value to what I actually sold it for.
Thoughts?