turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

I manage my father trust and get paid a fee. I know I don't have to pay SE tax b/c my work doesn't raise to business level. How to tell TT I don't have to pay SE taxes?

I manage my father's trust. I receive an annual fee for the work I am doing. I know I don't have to pay self-employment tax because the activity does not raise to business level, I don't do any trading and it is not done at a professional level. In the past my old CPA told me so and I have done so every year since. This year, however, turbotax wants me to pay self-employment tax. How do I tell turbotax I don't have to pay self-employment tax? Thanks Luca
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply

I manage my father trust and get paid a fee. I know I don't have to pay SE tax b/c my work doesn't raise to business level. How to tell TT I don't have to pay SE taxes?

The income received as compensation as a fiduciary or executor is reported on Line 8z of Schedule 1.

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question