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Wife's cousin passed away and named her co-executor of the estate. She was compensated $10,000 for her time. I have no paperwork. How do I put that on my taxes?

 
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Coleen3
Intuit Alumni

Wife's cousin passed away and named her co-executor of the estate. She was compensated $10,000 for her time. I have no paperwork. How do I put that on my taxes?

It is other income.

  1. Click on Federal Taxes at the top of the screen.
  2. At the bottom of Your Income box pick the option in blue to help me add other income, then jump to full list;
  3. Scroll down the page to the last section titled: Less common Income and click show more;
  4. Select start or update next to the last topic titled Miscellaneous Income, 1099-A, 1099-C;
  5. Scroll down to the last option titled Other reportable income and select start or edit;
  6. When it asks, "Any other reportable income?" say yes then type in a description and the amount to report it on your tax return.

This will place it on line 21 of your Form 1040


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