Medical study participant income - no 1099

[user17738834648]

How can I enter income from participating in a medical study for which no 1099 will be issued?

[rjs]

You can report it as "other income" on Schedule 1 line 8z with a description that you enter. Here's how to enter it in TurboTax.

• Go to Federal Taxes > Wages & Income.
• On the screen "Your 2024 Income Summary," scroll all the way down to the last section, "Less Common Income." Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."
• On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."
• The next screen asks, "Any Other Taxable Income?" At the bottom left click Add.
• On the next screen, "Other Taxable Income," enter a short description such as "Medical study" and enter the amount. Click Continue.
• That takes you back to the "Any Other Taxable Income?" screen. Click Continue.

[TomK2023]

Since this was probably a one-time medical study (not your primary "trade or business"), make sure you report this as "Miscellaneous Income" NOT Self-Employment Income (so you don't have to pay the 15.3% Self-Employment (Social Security/Medicare) tax).

Enter Medical Study Income (no 1099):

1. Open or continue your return.
2. Under Federal tab, Click on Wages & Income, and Scroll down to Less Common Income.
3. Click on Start/Revisit next to Miscellaneous Income, 1099-A, 1099-C.
4. Choose Other reportable income.
5. When asked "Any Other Reportable Income?"', Click "Yes".
6. Enter something like "Medical Research Study" or "Clinical Trial Participation" as the description.
7. Enter the total amount you received.

The program may ask if you intended to make a profit or if this is something you do regularly.

If you answer "Yes" (you do this regularly for work), it will move you to Schedule C, which triggers that extra 15.3% tax.

If you answer "No" (it was a one-off study), it stays as "Other Income" on Schedule 1, Line 8z, and you only pay standard income tax on it.