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Kim007
Jan 28, 2007, 01:07 PM
I received income from participating in 2 health clinical trials for medications and received under $100 since I did not qualify for the study. Is this reportable misc. income?
Fr_Chuck
Jan 28, 2007, 01:46 PM
any income is "reportable" but it is very likely they will report it on a 1099
so while you should report it, most likely the IRS will not know about it if you don't report it.
AtlantaTaxExpert
Jan 28, 2007, 02:57 PM
Fr Chuck has covered the relevent points. I have nothing to add.