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Level 2
posted Feb 16, 2025 10:21:09 PM

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

0 1 2026
1 Replies
Level 15
Feb 16, 2025 10:37:19 PM

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