The income would be reported as other income as follows:

I have heard this go both ways, and i want to make sure i do his return properly.

Click on wages & income.

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The payments are entered as other income using the steps.

Select federal from the left side menu.

Therefore you will pay income tax, but not social security or medicare taxes on the payments.

No 1099 is received to document payment.

Webmar 7, 2022ย ยท i believe that the payment received for a blood plasma donation is taxable income.

Webmar 7, 2022ย ยท i believe that the payment received for a blood plasma donation is taxable income.

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