I donated eggs to a woman in 2011 through a fertility clinic. Because it is illegal to sell genetic material, I was compensated for my mileage, gas, medications and time for what was a painful and emotionally draining procedure. I was told I would receive a 1099-MISC
at the end of the year, but am uncertain whether this kind of income
can be taxed. It's similar to receiving compensation
from an automobile accident for both physical and emotional damages. How does one go about filing
this kind of information to the IRS
, since the IRS doesn't know how I receive my 1099 income (only the amount I received)? Self-employment tax
is highly taxed, and while I'm willing to pay some taxes on my procedure, I can't really justify the 15% they're asking for.
I called the IRS, and even they couldn't help me. They told me it was beyond the scope of their knowledge and that I would have to speak to a tax attorney or professional.
Thanks for the advice.