I’d have to read further, but it doesn’t sound like they taxed him for the rewards points per se, but on the cash generated between the 5% float between the cash back and the purchase of money orders.
“I’d have to read further, but it doesn’t sound like they taxed him for the rewards points per se, but on the cash generated between the 5% float between the cash back and the purchase”
Yes.
Reward value minus gift card and money order fees. That’s what it sounds like.