ilanao
New Member

I did an egg donation last year and received $16,000 as compensation. Im trying to report it but turbotax is asking me to upgrade for $54.99. Help! It didnt ask me before

 

Get your taxes done using TurboTax

Did you get a tax reporting document for the amount, like a 1099MISC?
♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪

Get your taxes done using TurboTax

Multiple posts and the OP still has not said if she got a 1099-misc or not.

Get your taxes done using TurboTax

If you did get a 1099-misc with the amount in box 3 then you will have to upgrade to at least Deluxe to enter the income ... easiest way to enter it ...


You can report it as other income on Form 1040 line 21. Here's how to enter it in TurboTax.

·       Click the Federal Taxes tab ( Personal in the Home & Business version)

·       Click Wages & Income. (Personal income in the H & B version)

·       Click "I'll choose what I work on."

·       On the screen "Your 2015 Income Summary," scroll all the way down to the last section, "Less Common Income."

·       Click the Start or Update button for the last topic, "Miscellaneous Income, 1099-A, 1099-C."

·       On the next screen, "Let's Work on Any Miscellaneous Income," scroll down and click the Start or Update button for the last topic, "Other reportable income."

·       The next screen asks, "Did you receive any other taxable income." Click Yes.

·       On the next screen, "Other Taxable Income," enter a description and the amount. Click Continue.

·       On the next screen click Done.

The income will be reported on Form 1040 line 21 with the description that you entered.