techs
New Member

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.