topic Plasma Donations and Self Employment in Get your taxes done using TurboTax

Plasma Donations and Self Employment

sven_the_huge — Thu, 10 Feb 2022 19:01:13 GMT

So my main question is that my son is a graduate student without much income. Let's call it $2500. He also did plasma donations in the amount of $1800. I know that plasma donation payments are taxable income - but since it is greater than $400 - does he now have to play self-employment taxes on it?

Re: Plasma Donations and Self Employment

Bsch4477 — Thu, 10 Feb 2022 19:09:53 GMT

That has been debated on this site and the question is whether he does it often enough to be considered as having a business. The amount of income you posted would, I think, be considered other or miscellaneous income and could skirt the self employment tax. Others may differ.