@RayW7 wrote:
Although this money you earn is intended to ease the financial burden of attending college, the income is fully taxable on your tax return just like any other employment earnings. When you prepare your tax return, you must include these amounts on the appropriate line for wages and salary.
Your question made me smile, wish you the best!
No. Income paid to a research participant is taxable income, but it is not earned income from performing a trade or service (unless the research participant does the activity as an ongoing trade or business). It is not wages, not reported on a schedule C, not entered on the form 1040 line for wages, and not subject to self employment tax. It would be reported on schedule 1, line 8.
See for example,
https://www.irs.gov/pub/lanoa/pmta01353_7356.pdf
https://www.journalofaccountancy.com/issues/2009/jul/20091639.html (referencing PLR 9106004, which I can't seem to find)
