Webmar 7, 2022 · i believe that the payment received for a blood plasma donation is taxable income. The income would be reported as other income as follows: Select federal from the left side menu.

Therefore you will pay income tax, but not social security or medicare taxes on the payments. The payments are entered as other income using the steps. Webmar 4, 2021 · i have a tax client that gives plasma and receives payment, $2125 for 2020. No 1099 is received to document payment. I have heard this go both ways, and i want to make sure i do his return properly.

Donating Plasma: Your Common Questions Answered - Hospitality Health ER

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

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