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Do we have to report as misc. income a payment from a trust for work my wife and I did as executrix for payments of handling a trust distributions?

My received payment for acting as an executrix to settle many issues with her uncles trust.  is this payment taxable?

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JulieR
Expert Alumni

Do we have to report as misc. income a payment from a trust for work my wife and I did as executrix for payments of handling a trust distributions?

Yes, you need to report this income on your return.  You will enter it as "Wages & Income" / "Miscellaneous Income" / "Other Reportable Income"

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JulieR
Expert Alumni

Do we have to report as misc. income a payment from a trust for work my wife and I did as executrix for payments of handling a trust distributions?

Yes, you need to report this income on your return.  You will enter it as "Wages & Income" / "Miscellaneous Income" / "Other Reportable Income"

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