No, the threshold is $600. You can still report your medical research program income for participating in the study.
Follow these steps:
- Sign into your TurboTax account.
- Select Pick up where you left off.
- Select Federal from the left side menu, then Wages & Income.
- On the Your Income screen, scroll down to Add more income. If you don’t see this, scroll down to Less Common Income and select Show more.
- Select Miscellaneous Income, 1099-A, 1099-C and Start.
- On the Let’s Work on Any Miscellaneous Income screen, scroll down and select Other reportable income and Start.
- On the Any Other Taxable Income? screen, select Yes.
- On the Other Taxable Income screen, enter a description and amount, then Continue.
- On the Other Miscellaneous Income Summary screen, confirm the entry and select Done.
To check the entry, Preview your 1040. Other reportable income is reflected on Schedule 1, line 8.