@DanielleJ96 wrote:
I started my taxes before I had gotten my 1099 and I was getting 224 back from fed but as soon as I entered my 1099 from egg donation I now owe over $1000 in just fed taxes is this normal? I was under the impression it would not make me owe money in taxes and would just be filed as a 'one time' income. Instead of getting ~$300 back in now owe almost $1400.
It is taxable income, subject to regular income tax. It should not be considered "self employment" income, which would make it subject to regular income tax plus an additional 15% self-employment tax.
What kind of 1099 did you receive, and how did you enter it? Did you say it was "like work" or "done for profit"? Did you say you had expenses to deduct?
