Quote:
Originally posted by Replaced_Texan
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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Sure, but if you aren't going to get at least $600/year out of it, the hassle of the background paperwork and blood tests isn't really worth it. Unless maybe your office is down the hall from the cryobank.
