Donating Plasma

[ArielA77]

Is money from donating plasma count as taxable income? The donation center I go to told me it is not but I want to verify because I made about $1600 last year from donating

[Vanessa A]

Yes, they are taxable income.  You report it as other miscellaneous income.

To report it as ordinary income select the following:

• Income
• Show More next to Less Common Income
• Start next to Misc Income
• Start next to Other Reportable Income
• Enter the amount of the money you received and the description.  

This will enter the income on line z of her Schedule 1 with a description which will then flow to line 8 of the 1040.  It will be taxed as ordinary income instead of self-employed income.