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I was walking the dog this evening on a local walking trail and found a Target gift card. looked around and no one in either direction.... picked it up and kept watching for someone looking for something they'd dropped.... didn't see anyone... when I got home, I checked and found out there is $10.00 on the card....
This happened to me, except the amount was something like $150. I went to Bass Pro Shops (the issuer of the card) and asked if they would run the card number to see who bought the card, so that they could reunite the card with its owner. But, they said they weren't able to do that. They said they had no way of determining who bought the card. (I would have thought that the card number would have somehow been linked to the purchaser's credit card in their computer system, but apparently not.)
So I used the card for myself. What else could I do?
I found a grocery gift card which the cashier said there was $55.00 on it. I asked if someone reported one missing
she said she didn't know and that I should just use it. I decided to get a manager and have him ask someone
at the customer service desk if one was reported as lost and yes it was. So it was returned to the owner.
FYI - if you end up spending the money on a found card (or found money) - you should claim the found amount on your income taxes as "other income not reported elsewhere" - there is no exclusion from earnings for "found" money
FYI - if you end up spending the money on a found card (or found money) - you should claim the found amount on your income taxes as "other income not reported elsewhere" - there is no exclusion from earnings for "found" money
You report every penny, nickel, dime and quarter you pick up off the ground as well then I hope.
I would do exactly as I've done in the past. It's finders-keepers on that. The company treats it as money, and most won't track down the owner for you.
Yeah what I do all year is any money saved on sale items I report to the IRS. That got costly the year I got a good deal on my new car!
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