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Level 1
March 7, 2022
Question

Do I need to claim money made from donating plasma?

  • March 7, 2022
  • 1 reply
  • 1 view
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?

1 reply

Level 15
March 7, 2022

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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Alumni - Champ
March 7, 2022

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