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Keep getting the Capital 360 $500 offer
Old 10-29-2015, 08:58 AM   #1
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Keep getting the Capital 360 $500 offer

They must really want my $50k. I just got a new letter stating I can deposit $50k with them by Nov 30 and get $500 bonus cash after 90 days plus 0.75% interest in the account.

I have ignored this offer in the past because I am up against the ACA income cutoff for 2015 and $500 might cost me a lot more than $500. But now I am thinking it is close enough to the end of the year that the $500 would be 1099'd on our 2016 taxes? Can anyone confirm that that would be the case?

I have $60k in a brokerage account with no plans to use it until 2016 and a 4% return sounds better than the money market 0.02% I am getting.
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Old 10-29-2015, 09:02 AM   #2
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You get the bonus in 90 days from funding date + 10-15 business days so it should be 2016 by then.
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Old 10-29-2015, 09:41 AM   #3
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Quote:
Originally Posted by jim584672 View Post
You get the bonus in 90 days from funding date + 10-15 business days so it should be 2016 by then.
That is just how it worked for us too.
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