Income
for participating in a clinical trial or medical study is taxable. If the
activity is infrequent, the income will not be self-employment income.
This means is that it is subject to income taxes, but not subject to
self-employment tax. It also will not qualify toward the
earned income tax credit or any other tax benefit that is dependent on earned
income.
If
you did receive a Form 1099-MISC
, it is entered under the Wages and Income tab
- Check for More
Income and See All Income
- Click on Show
More then Start beside Other Common Income by the icon
of the green money bag
- Click onStart
by Form 1099-MISC.
- Enter Form
1099-MISC information. Make sure you enter the amount in Block 3
- under source
of other income, select "other income"
- "none of
the above, show me other options"
- [You] were in a
research study and this was payment,
- you did not perform
a service to earn the money.
If
you did not receive a Form 1099-MISC, you will still enter it
under Wages and Income but
- Scroll down to Less
Common Income, by the gold dollar sign icon
- Click on See
More and Start beside Miscellaneous Income
- Scroll down and
click on Other Reportable Income
- Enter the amount
and a description there.
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