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As a Protector of a Trust, I earn 1/4ly payments from that trust. I did not get any paperwork but I know I need to file payments as income. Not sure what form to use
posted
June 3, 2019
11:38 AM
last updated
June 03, 2019
11:38 AM
2 Replies
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As a Protector of a Trust, I earn 1/4ly payments from that trust. I did not get any paperwork but I know I need to file payments as income. Not sure what form to use
Report as "Other Income".
June 3, 2019
11:38 AM
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As a Protector of a Trust, I earn 1/4ly payments from that trust. I did not get any paperwork but I know I need to file payments as income. Not sure what form to use
"Not sure what form to use"
Assuming you are not a professional fiduciary, the total payments for the tax year will wind up on Line 21 of Schedule 1 of your Form 1040 (as Other income).
June 3, 2019
11:38 AM
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