If a for-profit that you volunteer at gives you an achievement award or thank-you gift, is it taxable?

[pumpkin1007]

It's a startup dependent on volunteers in its pre-revenue stage. 

[MinhT · Accepted solution]

Yes, your thank you gift must be reported as Other reportable income.

In TurboTax, open your return and follow these steps:

• Click on Federal in the left-hand column, then on Wages and Income on top of the screen
• Scroll down to All Income, locate the Less Common Income section
• Click Show more and click Start next to Miscellaneous Income at the bottom and click Show More
• On the next page, click Start next to Other Reportable Income.