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Do I pay taxes on payment as an estate personal representative?
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Do I pay taxes on payment as an estate personal representative?
"Do I pay taxes on payment as an estate personal representative?"
Yes, the payment to you constitutes taxable income.
" Do I show that income somewhere?"
In TurboTax, you would enter the payment in the Less Common Income section. Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C and proceed as shown in the screenshots below.
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Do I pay taxes on payment as an estate personal representative?
"Do I pay taxes on payment as an estate personal representative?"
Yes, the payment to you constitutes taxable income.
" Do I show that income somewhere?"
In TurboTax, you would enter the payment in the Less Common Income section. Click the Start button to the right of Miscellaneous Income, 1099-A, 1099-C and proceed as shown in the screenshots below.
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