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Financial Planning / Tax Strategies
|Subject: Egg Donation & Taxes||Date: 4/6/2000 8:15 AM|
|Author: badlemming||Number: 33632 of 125435|
I'm about to donate an egg to friends of mine so that they can have a child (they're infertile). I will be receiving $2500 sometime this year for the service, and I suspect that I'm going to be taxed on that somehow.
Does anyone know whether this might count as income, a gift, self-employment...? I'm sure there's plenty of precedent but haven't been able to find out what it is.
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