@DanielleJ96 wrote:
I got a 1099-NEC and it didn't give me an option of being like work. I put it under the common wages form for 1099-NEC b cause the other option was self employed 1099-NEC. I didn't put any expenses to deduct either
It sounds like you probably did not create a schedule C or schedule SE and are only paying income tax. It's hard to tell with Turbotax Online because you can't view the forms until you have paid any fees. After paying the fees, you can view and print your forms before actually transmitting your return. When you review your return before filing, make sure you do not have a schedule C or schedule SE as part of your return. This should be listed as "other Income" on line 8 of schedule 1, which carries over to line 8 of form 1040.
Also note, because this was reported on a 1099-NEC, the IRS will assume this was self-employment income and if you don't pay self-employment tax, they will send a letter assessing the tax. You will have to reply to that letter with an explanation and proof that this was for egg donation, that it is not your "ongoing trade or business" and that you did pay income tax on the money but are not required to pay self-employment tax.
