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Hourly rate plus Executor fee
I was Executor and Trustee for my father's estate and trust. In addition to the state dictated executor fee and a trustee fee, I also was paid an hourly rate to handle the other issues that arose. The amount of the hourly wages came to approximately $70,000. I am wondering if I could/should have this as earned income (to increase my social security in the future). The executor and trustee fees are posted as misc income. Any help is appreciated.
‎June 5, 2024
2:09 PM