Latrell recently used his Delta Skymiles to purchase a freeroundtrip ticket to M

Latrell recently used his Delta Skymiles to purchase a freeroundtrip ticket to Milan Italy (value $1200). The frequent flyermiles used to purchase the ticket were generated from Latrellsbusiness travel as a CPA. Latrells employer paid for his businesstrips and he was not taxed on the travel reimbursement. Use anavailable tax research service to determine how much income ifany does Latrell have to recognize as a result of purchasing anairline ticket with Skymiles earned from business travel.