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  1. #1
    jaslady is offline Junior Member
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    medical research study income

    Is income received from participating in a medical research study taxable (on my federal tax return)? I live in Texas. Thanks, Jaslady.
  2. #2
    Litigation! is offline Senior Member
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    Quote Originally Posted by jaslady
    Is income received from participating in a medical research study taxable (on my federal tax return)? I live in Texas. Thanks, Jaslady.

    My response:

    Yes. Why would you think otherwise?

    By the way, how does it feel knowing that you were a Guinea Pig for the rest of us?

    IAAL
  3. #3
    jaslady is offline Junior Member
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    medical research studies

    Because the payment is presented as compensation for travel expenses to and from the research facility and not income per se. I was hoping it might be akin to insurance payments, etc.

    It feels good to contribute to the betterment of the health of our society.
  4. #4
    Litigation! is offline Senior Member
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    Quote Originally Posted by jaslady
    Because the payment is presented as compensation for travel expenses to and from the research facility and not income per se. I was hoping it might be akin to insurance payments, etc.

    It feels good to contribute to the betterment of the health of our society.

    My response:

    There is a difference between "income" and "reimbursement." Now, how about giving us the facts so that we can give you a better answer?

    IAAL
  5. #5
    jaslady is offline Junior Member
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    income vs reimbursement

    Sorry about the ambiguity, but if the research companies used 'tax' language in their agreements & literature, there would be no need for this question.

    From some companies, I have received a W-2. From others - nothing. Is that my indicator?
  6. #6
    LdiJ is offline Senior Member
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    Quote Originally Posted by jaslady
    Sorry about the ambiguity, but if the research companies used 'tax' language in their agreements & literature, there would be no need for this question.

    From some companies, I have received a W-2. From others - nothing. Is that my indicator?
    Any monies that truly were reimbursed travel expenses are not taxable. However, any income in excess of expenses IS taxable, whether you got a W2 or 1099, or recieved nothing.
  7. #7
    jaslady is offline Junior Member
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    Thanks for the help

    Thanks, all. I appreciate the help.
  8. #8
    ceara19 is offline Senior Member
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    Quote Originally Posted by jaslady
    Sorry about the ambiguity, but if the research companies used 'tax' language in their agreements & literature, there would be no need for this question.

    From some companies, I have received a W-2. From others - nothing. Is that my indicator?

    SOME? Exactly how many medical research studies are you involved in? I'm pretty sure you are not allowed to be in multiple studies concurrently.
  9. #9
    jaslady is offline Junior Member
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    medical research studies

    You are right, not at the same time. I am looking at income received in 2005 from multiple, short-term studies.

    Have you ever looked into participating in a study? Some are long-term (6-12mos), but most are much shorter, such as determining if a new pain med is effective against dental pain. For a study like this, you must already require dental work (like wisdom tooth extraction). You have your tooth removed for free and you receive a small stipend to cover transportation costs - like $50. IF the med does NOT work for you, you get additional compensation (maybe as much as $250). This is an example of a 1 day study.

    Most studies involving healthy people only run 2-4wks and require multiple office visits, some require overnight stays. Therefore, it is possible to do several studies over the course of a year. It is a popular source of income for students

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