Jackstar221
Employee Tax Expert

Tax law changes

Hi,

 

So the threshold for requirement of a 1099 is $600 or more in annual income. So if the income is $600 or more throughout the year, you are required to report it as taxable income.

 

If the plasma donation center does not provide a 1099, I suggest keeping track of your donations in an excel file or log. It is possible your plasma donation center may have records of your donations throughout the year, so I suggest contacting the donations center.

 

In addition, you may have bank deposits or checks you deposited that may provide you a record of those.

 

Thank you,

John

CPA