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I have been donating plasma, will I need to report this on my 2023 return?

Will i need to report payment for donating plasma?
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2 Replies

I have been donating plasma, will I need to report this on my 2023 return?

Compensation for plasma is reportable income. If done as an infrequent event you could report as other income. Otherwise it is self employment income. 

I have been donating plasma, will I need to report this on my 2023 return?

It is other income but not self-employment income.  You pay taxes on it but not employment taxes.

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