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Trustee Income (non-professional) - where to report income
I received a 1099-Misc from our family trust. All the info says to report as Other Income on the 1040 but in TurboTax is explicitly says to NOT use that area for 1099-Misc income. Turbo Tax Help contradicts the software. Do I ignore the software and enter it there anyway or do I enter somewhere else? When I tried entering as a 1099-misc, it is calculating SE tax! I found where I can blackout the SE tax on the SE Tax Adjustment worksheet. Is that right? Either way seems like it could get flagged.
Help!
‎February 13, 2021
10:00 AM