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How do you add Executor income

my wife is an executor for her moms estate. the attorney told her to lay herself. IRS does not require a 1099, but what do we put this under with turbotax?
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3 Replies

How do you add Executor income

Report the amount of your "executor fee" as Ordinary Income Schedule 1 Line 8z

@johnnowak1234 

How do you add Executor income

the calculation of fees is specified as a sliding percentage. Did your attorney give you the calculation?

It may be better to waive your fee if you are a beneficiary of the estate.

 

@johnnowak1234 

How do you add Executor income

however, if she actively participates in any business of the estate reporting would be on schedule C.

you may want to use this tool to get the IRS's opinion.

https://www.irs.gov/help/ita/are-the-fees-i-receive-as-an-executor-or-administrator-of-an-estate-tax... 

 

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