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Fraught with complications
Quote:
Originally posted by Cletus Miller
Over the years and in different locales, I have seen the per donation fee advertised from $55 to $125 (haven't seen anything lately, so it may be somewhat higher). Generally, there is a limit of 3 (sometimes 2) donations per week--first they don't want too much supply from any one person, second, the count v. motility factor is best with a rest period of 48 (+/-) hours. Finally, it's 1099 income, so you have to pay self-employment tax.
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But they, like the blood bank and institutions that compensate participants in research studies, aren't going to issue a 1099 unless you receive over $600 in a calendar year. Doesn't mean it's not reportable income, though. Just means that the "anything else" box in turbo tax should be checked.
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"In the olden days before the internet, you'd take this sort of person for a ride out into the woods and shoot them, as Darwin intended, before he could spawn."--Will the Vampire People Leave the Lobby? pg 79
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