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Important update 5/24/23: a reader notes that this Swagbucks bank cashout option is routed via a third party service provider called Dots. This is relevant for 1099 purposes as this provider might not get information on what was earned via Buy SB which does not require a tax form and what was earned from things like referrals which do require. Basically, there is a good chance they’ll be sending out a form 1099 if you redeem more than $600 via Dots, regardless of how you earned the Swagbucks.
This was published by Doctor Of Credit, to read the complete post please visit https://www.doctorofcredit.com/swagbucks-adds-option-to-cashout-with-25-bank-deposit/.