You'll need to sign in or create an account to connect with an expert.
Gifts received in exchange of reviews are taxable. If you had no profit motive, this could be considered as hobby income and is reported as Other reportable income. There is no threshold under which this income is not taxable.
You need to report the fair market value of the gifts as Other Reportable Income.
In TurboTax, open your return and follow these steps:
Gifts received in exchange of reviews are taxable. If you had no profit motive, this could be considered as hobby income and is reported as Other reportable income. There is no threshold under which this income is not taxable.
You need to report the fair market value of the gifts as Other Reportable Income.
In TurboTax, open your return and follow these steps:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Donna32100
New Member
lottavio1
New Member
VogtAl
New Member
cuddlykitties4
Level 1
mentges2
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.