For a trustee this is generally true. Because it is usually a temporary thing. Most trustees are in the process of shutting down the estates in their care and are working towards getting out of the trustee business.
Which may or may not apply to you. If this trust is going to be open and running for an extended period then this is a job for you and you should treat it as such. That means creating a schedule C and entering all of the expenses that go with your trustee work as deductions and paying self-employment tax and all of that.
@FishOnAH
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
