I have heard this go both ways, and i want to make sure i do his return properly. Webmar 4, 2021ย ยท i have a tax client that gives plasma and receives payment, $2125 for 2020. Click on wages & income.

The payments are entered as other income using the steps. Therefore you will pay income tax, but not social security or medicare taxes on the payments. Select federal from the left side menu. Webmar 7, 2022ย ยท i believe that the payment received for a blood plasma donation is taxable income. No 1099 is received to document payment.

No 1099 is received to document payment.