You'll need to sign in or create an account to connect with an expert.
If you received compensation (1099-MISC) for performing the duties of a personal representative, it should not be treated as self-employment income.
Answer the 1099-MISC interviews accordingly - no intent to make a profit, not expected to receive in future years and not related to your "main job".
If any portion of the payment is reimbursement for out-of-pocket expenses (not your time), you can "report" those expenses as "negative Other Reportable Income". Go to the Other Reportable Income interview, the very last interview in Wages and Income (Federal Taxes tab > Wages & Income category > Less Common Income subcategory > Miscellaneous Income sub-subcategory). Enter the full amount of your out of pocket expenses (i.e. as a negative number (use "minus" sign). Describe as "Personal Representative Expenses".
If you received compensation (1099-MISC) for performing the duties of a personal representative, it should not be treated as self-employment income.
Answer the 1099-MISC interviews accordingly - no intent to make a profit, not expected to receive in future years and not related to your "main job".
If any portion of the payment is reimbursement for out-of-pocket expenses (not your time), you can "report" those expenses as "negative Other Reportable Income". Go to the Other Reportable Income interview, the very last interview in Wages and Income (Federal Taxes tab > Wages & Income category > Less Common Income subcategory > Miscellaneous Income sub-subcategory). Enter the full amount of your out of pocket expenses (i.e. as a negative number (use "minus" sign). Describe as "Personal Representative Expenses".
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
KarenL
Employee Tax Expert
Irasaco
Level 2
dlj56
New Member
PASSIVE FARMER
New Member
suli570486
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.