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pst1955
New Member

I participated in a research study for IBS and was compensated for each visit to CNS. How do I file this?

I was not hired by this company only was involved during trial for IBS medicine and received payment for each visit to their clinic.
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2 Replies

I participated in a research study for IBS and was compensated for each visit to CNS. How do I file this?

Did you receive any tax forms (F 1099MISC) from IBS or CNS?  

Was the payment to reimburse you for your travel and other related expenses?   Most of the time the payment is considered reimbursement rather than payment for services and not taxable.  However if you received Form 1099MISC you would need to report the amount as income and then deduct your expenses related to the income on Schedule C.  

If you did receive a Form 1099MISC I would discuss with a tax expert regarding other tax (SE Tax) issues  You would receive F 1099MISC if your total payment was more than $600 

ColeenD3
Expert Alumni

I participated in a research study for IBS and was compensated for each visit to CNS. How do I file this?

Did you receive a 1099-MISC? You would want to enter it as such so the IRS can match the entry to the form.

 

Non-employee compensation is no longer reported on Form 1099-MISC, it is now reported on Form 1099-NEC.

 

You can add it as Other Income.

  • I'll choose what I work on
  • Less Common Income select Start (or Update) for 
  • Miscellaneous Income.
  • Other reportable income and you can enter your own description(s) and amount(s).

 

 

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