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    Kim007's Avatar
    Kim007 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2007, 03:07 PM
    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?
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jan 28, 2007, 03:46 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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Jan 28, 2007, 04:57 PM
    Fr Chuck has covered the relevant points. I have nothing to add.
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