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Executor fee miscategorized by Turbotax
I received a 1099-MISC for being an executor. TT automatically completed a Schedule C for it.
But the IRS is clear, it should not be a Schedule C, but a Schedule 1.
From publ 559: If you aren't in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on your Schedule 1 (Form 1040), line 8z. If you are in the trade or business of being an executor, report fees received from the estate as self-employment income on Schedule C (Form 1040), Profit or Loss From Business.
It was a $1000 more to be on Sch C, btw. There was no way to move the income from Sch C to Sch 1 except via override. Which means that I can't e-file then. Looks like a programming issue to me....
I did call CS - no help.