Plasma Donation 1099-NEC Hobby?

[rg120]

Hello, I "donated" plasma in 2022 and the donation center sent me a 1099-NEC. Can I classify this as a hobby on TurboTax and therefore not have self-employed tax? Thank you.

[JamesG1 · Accepted solution]

I would not report plasma donation reported on an IRS form 1099-NEC as self-employment income.  Yes, I would report as other income.  Follow these steps:

• Down the left side of the screen, click on Federal.
• Down the left side of the screen, click on Wages & Income.
• Scroll down to Other Common income.  Click Show more.
• Click Start / Revisit to the right of Form 1099-NEC.
• At the screen Describe the reason for this 1099-NEC, enter the reason for this income.
• At the screen Does one of these uncommon situations apply?, select This is not money earned as an employee or self-employed individual, it is from a sporadic activity or hobby.

The entry will be reported:

• on line 8z of Schedule 1 of the Federal 1040 tax return, and 
• on line 8 of the Federal 1040 tax return.

@rg120