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-   -   Misc. Income (https://www.askmehelpdesk.com/showthread.php?t=58149)

  • Jan 28, 2007, 03:07 PM
    Kim007
    Misc. Income
    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?
  • Jan 28, 2007, 03:46 PM
    Fr_Chuck
    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.
  • Jan 28, 2007, 04:57 PM
    AtlantaTaxExpert
    Fr Chuck has covered the relevant points. I have nothing to add.

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