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Booking Credit Card Rewards or Cash Back
Booking Credit Card Rewards or Cash Back

How to book credit card rewards and cash back as refunds in REI Hub, following IRS guidelines.

Allie Paterson avatar
Written by Allie Paterson
Updated over 2 months ago

Credit cards are commonly used by landlords to operate their rental properties. Most transactions from your credit card are self-evident โ€” expenses incurred and credit card payments made. But what about when you earn cash back or rewards on that credit card?

The IRS says credit card rewards or cash back should be treated as a rebate or refund. In the Import Feed of your REI Hub account, click "Book" and then select the "Refund Received" transaction template:

We generally suggest you book the refund to the same expense account under which the bulk of your credit card purchases fall. For example, if you frequently use an Amazon credit card for supplies expenses, you will select the supplies expense account when booking the transaction.


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