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Business & farm
@techs wrote:
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.
Here is the original question:
I read that the Trust is not treated as a business, so there's no need to issue 1099-MISC to the trustee regarding the fee. Then, how is this fee reported to IRS (or not)?
The original poster was already aware that the trust could deduct the fee paid to the trustee and merely wanted to know how the fee gets reported to the IRS when a tax reporting statement (e.g,, a 1099-MISC) is not required.
Try reading the first post in this thread before offering your opinion on what is not the "best answer".
March 6, 2022
5:28 PM
11,779 Views