Do I need to report plasma donation gift cards on my tax return?

Buddy
Buddy Newcomer
edited December 2024 in Income

Do you have to claim rewards gift cards for donating plasma if the total is over $600?

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  • ptaxes
    ptaxes Level 3
    Answer ✓

    Hi!

    Yes, you will report that income if you got more than $600 in value. You may receive a 1099 reporting the income. If you did get a 1099, you would enter the income into the software by going to the 'Income' menu, and selecting 1099-NEC/1099-MISC. Here you will enter the information as prompted by the software.

    If you do not get a 1099, you will enter the information in the 'Income' menu and then select 'Other Income'. You will put the income under 'Miscellaneous Income' and enter the information there.

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