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Level 1
April 14, 2024
Question

HOW DO I REPORT INCOME EARNED AS AN EXECUTOR

  • April 14, 2024
  • 2 replies
  • 41 views
HOW DO I REPORT INCOME EARNED AS AN EXECUTOR OF AN ESTATE

2 replies

Level 15
April 14, 2024

Enter the income as miscellaneous income not subject to self-employment tax.

 

 

1. Sign into you TurboTax account.

2. Click Pick up where I left off (if not already open)

3. Click Federal Taxes tab

4. Click Wages & Income sub category.

5. Select I'll choose what I work on option.

6. Scroll all the way down to the Miscellaneous Income, 1099-A, 1099-C (under less common income) and click Start/Update.

7. Click Start/Update next to Other income not already reported on a Form W-2 or Form 1099 and follow the online screen prompts to enter you income.

Mike9241
Level 15
Level 15
April 14, 2024

other income not subject to self-employment tax unless you do this for a living. then it goes on schedule C. 

Mike9241