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Business & farm
@easyxpress wrote:Is there a proper way for the Trust to report the trustee fee to IRS? So IRS can match the income for the trustee.
Since this is a stale thread, I hope you got your answer another way. The responses marked "best answer" in this topic aren't even responsive to the questions asked, IMO. As far as I can tell, "how does the trustee report compensation received on an individual 1040?" was clearly and correctly answered by @MaryK4 on 24Jan21. I believe the answer to the question "how does the trust report compensation paid?" is that it will be shown* as a deductible expense on the trust 1041. How the IRS might connect the two, I'm not sure — but they are at least clearly disclosed and traceable to each other this way when a 1099 is not issued.
*TT2021 interview was no help with this — I turned up another user tip about where and how to make a manual/form entry.