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bpehrson
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Does the IRS require income from plasma donations to be reported?

 
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3 Replies

Does the IRS require income from plasma donations to be reported?

Yes, it is reportable income.  Report it as other miscellaneous income in TurboTax.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

Does the IRS require income from plasma donations to be reported?

Yes, report the income as being misc. income. 

Does the IRS require income from plasma donations to be reported?

IMO it's not reportable as self-employment income unless you sell your plasma on a regular, continuous basis - in which case you could be considered as being "in the business" of selling plasma. 

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

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