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Do I need to claim money made from donating plasma?

The plasma is donated, however you are compensated for your time and driving.  Does this need to be claimed as income and where in the filing does it go?
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2 Replies
JamesG1
Expert Alumni

Do I need to claim money made from donating plasma?

I believe that the payment received for a blood plasma donation is taxable income.  The income would be reported as other income as follows:

  • Select Federal from the left side menu.
  • Click on Wages & Income.
  • Scroll down to Less Common Income.  Click Show more.
  • Click Start / Revisit to the right of Miscellaneous income….
  • Click Start / Revisit to the right of Other reportable income.
  • At the screen Other Taxable Income enter ‘Plasma donation’.  

View the entries at Tax Tools / Print Center / Print, save or preview this year's return / Include government and TurboTax worksheets.

 

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ee-ea
Level 15

Do I need to claim money made from donating plasma?

This Tax Court case says it taxable and there are deductions.   https://www.casemine.com/judgement/us/5914c4a7add7b049347cf0b5

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