« previous next »
Pages: 1 [2]   Go Down

Author Topic: Which Airline will be better value for miles right now?  (Read 3357 times)

Offline Chaikel

  • Global Moderator
  • Dansdeals Lifetime Presidential Platinum Elite
  • **********
  • Join Date: Jun 2008
  • Posts: 6842
  • Total likes: 174
  • DansDeals.com Hat Tips 20
  • Gender: Male
    • View Profile
  • Programs: LH SEN, SPG Plat, Hyatt Plat, Rav Kav Platinum
Re: Which Airline will be better value for miles right now?
« Reply #20 on: September 13, 2011, 01:00:37 PM »
Quote from: YudiG on September 13, 2011, 09:11:02 AM
Why would keeping 150K locked up for 6 months for 90k AA be worth it? Invest the capital and buy miles and keep the change....?
Considering the 90k AA is non-taxable...
Logged
Create professional looking itineraries.
Check out eliteitinerary.com

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Diamond Elite
  • **********
  • Join Date: May 2008
  • Posts: 68933
  • Total likes: 17318
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA GS, AA EXP, DL Dirt, Hyatt Glob, Fairmont Lifetime Plat, DD Diamond, Blocked By @NeriaKraus
Re: Which Airline will be better value for miles right now?
« Reply #21 on: September 13, 2011, 01:08:52 PM »
Quote from: Chaikel on September 13, 2011, 01:00:37 PM
Considering the 90k AA is non-taxable...
Are we sure TDAmeritrade doesn't 1099?
Also I doubt you need to really keep it there for 6 months.
Logged
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline elikay

  • Dansdeals Lifetime Presidential Platinum Elite
  • *********
  • Join Date: May 2010
  • Posts: 5435
  • Total likes: 38
  • DansDeals.com Hat Tips 2
    • View Profile
Re: Which Airline will be better value for miles right now?
« Reply #22 on: September 13, 2011, 01:22:34 PM »
Quote from: Dan on September 13, 2011, 01:08:52 PM
Are we sure TDAmeritrade doesn't 1099?
Also I doubt you need to really keep it there for 6 months.
According to a post on FW they don't
Logged

Offline Chaikel

  • Global Moderator
  • Dansdeals Lifetime Presidential Platinum Elite
  • **********
  • Join Date: Jun 2008
  • Posts: 6842
  • Total likes: 174
  • DansDeals.com Hat Tips 20
  • Gender: Male
    • View Profile
  • Programs: LH SEN, SPG Plat, Hyatt Plat, Rav Kav Platinum
Re: Which Airline will be better value for miles right now?
« Reply #23 on: September 13, 2011, 02:26:37 PM »
Quote from: Dan on September 13, 2011, 01:08:52 PM
Are we sure TDAmeritrade doesn't 1099?
Also I doubt you need to really keep it there for 6 months.
I believe the 90k was referring to BD. TD was only offering him 75k.

Don't know much about these things, but even if they do 1099 you, if the IRS doesn't tax miles why should it make a diff?
Logged
Create professional looking itineraries.
Check out eliteitinerary.com

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Diamond Elite
  • **********
  • Join Date: May 2008
  • Posts: 68933
  • Total likes: 17318
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA GS, AA EXP, DL Dirt, Hyatt Glob, Fairmont Lifetime Plat, DD Diamond, Blocked By @NeriaKraus
Re: Which Airline will be better value for miles right now?
« Reply #24 on: September 13, 2011, 02:28:16 PM »
Quote from: Chaikel on September 13, 2011, 02:26:37 PM
I believe the 90k was referring to BD. TD was only offering him 75k.

Don't know much about these things, but even if they do 1099 you, if the IRS doesn't tax miles why should it make a diff?
If you get 1099'ed the IRS will audit you if you don't pay tax on it or try to contest it.

And where can you safely deposit 150K that will earn more than 90k AA tax-free miles for 6 months?
Logged
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline karen

  • Dansdeals Lifetime Platinum Elite
  • *******
  • Join Date: Sep 2010
  • Posts: 1081
  • Total likes: 7
  • DansDeals.com Hat Tips 0
    • View Profile
Re: Which Airline will be better value for miles right now?
« Reply #25 on: September 15, 2011, 02:33:46 PM »
Quote from: Dan on September 13, 2011, 01:08:52 PM
Are we sure TDAmeritrade doesn't 1099?
Also I doubt you need to really keep it there for 6 months.
When I opened my TDAmeritrade account two years ago, I have to keep money there for 6 months to get the full promotion miles. They won't issue miles to you until the 6 months period passes. But this case may be different from opening new account promotion. BTW, I didn't receive 1099.
Logged

Offline john

  • Dansdeals Platinum Elite
  • ****
  • Join Date: Sep 2011
  • Posts: 274
  • Total likes: 0
  • DansDeals.com Hat Tips 0
    • View Profile
  • Programs: United 1K
Re: Which Airline will be better value for miles right now?
« Reply #26 on: September 20, 2011, 10:34:08 PM »
Transferred money to TDameritrade last week. Points posted in spg account today. No condition to keep money in brokerage account. It is 1 week only. Now can withdraw it to wherever you want. $75k earned for 1 week 60k starwood points. Definitely better deal than bankdirect. However 1 time only, not recurring. Any suggestion for best airline miles value for converting 60k star wood points?
Logged
Pages: 1 [2]   Go Up
« previous next »