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Executor Fee Income
I received a portion of the executor fee in 2023 and will receive the rest in 2024. Do I report what I rec'd in 2023 on this year's return and if so where do I report it? I did not receive a 1099.
Also, I heard that executor fees are not taxable unless they exceed the estimated value of your time spent on the job. I've kept good records of the hours I spent doing executor work, can I reduce the taxable amount with those records?
‎February 9, 2024
2:10 PM