Depending on the amount, yes, you could expect to receive an information return such as a 1099-MISC.
All income is taxable unless specifically excluded by law.
If you received limited-time payments for performing services as an executor, the income is taxable but you can report it as income not received in the course of a business so that it is not subject to self-employment tax in addition to income tax.
To report the income as other than regular or recurring self-employment, you can enter the amount under Other Reportable Income. In TurboTax Online:
- Go to Wages and Income
- Scroll down to Less Common Income
- Go to Miscellaneous Income
- Select Other Reportable Income and follow the prompts. Enter a description of the reason for the payment.
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