TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 2

Question

Hourly rate plus Executor fee

Forum|Forum|2 years ago
June 5, 2024
2 replies
11 views

I was Executor and Trustee for my father's estate and trust. In addition to the state dictated executor fee and a trustee fee, I also was paid an hourly rate to handle the other issues that arose. The amount of the hourly wages came to approximately $70,000. I am wondering if I could/should have this as earned income (to increase my social security in the future). The executor and trustee fees are posted as misc income. Any help is appreciated.

Level 15

@tnunnell wrote:

...The executor and trustee fees are posted as misc income.

Miscellaneous income is precisely what the payments are unless you are a professional fiduciary or were paid a wage for some unrelated work.

Level 2

I was paid the $70,000 for misc work. Where do I put it? And does it count towards my social security earnings?

Level 15

What type of work? Was this relative to your duties as executor and/or trustee?

If it's miscellaneous income, it does not count toward your social security earnings.

Level 2

it was anything from cleaning out the house, setting up bank accounts, selling investments, talking with attorneys and accountants, etc.