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posted Jan 28, 2020 8:05:41 AM

I served on a patient advisory panel and received reimbursement for travel and food and received an honorarium. Are the reimbursement and honorarium reported as income?

I served on a patient advisory panel and received reimbursement for travel and food and an honorarium. Are the reimbursement and honorarium reported as income?

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Expert Alumni
Jan 28, 2020 5:28:58 PM

The honorarium is reported as income.

 

An honorarium that can be spent as you wish is taxable income. 

 

A travel reimbursement where you were reimbursed for actual, verified expenses would not be taxable.

 

Report the honorarium under the income section

  1. select  'Miscellaneous Income'
  2. then select 'Other reportable income'
  3. the next screen will ask if you had 'Any Other Taxable Income?'  Select Yes.
  4. The next screens will ask for a description and the amount.

The amount will be reported on Form 1040 Schedule 1 Line 8