non-reimbursed expenses again executor fee

[mark kay]

i was paid a fixed-price executor fee for handling an estate.  I also received reimbursement for SOME of my expenses.  How do I report my additional expenses that were NOT reimbursed by the estate.  The estate does not have funds to reimburse me.

[MonikaK1]

All personal representatives must include fees paid to them from an estate in their gross income. If you aren't in the trade or business of being an executor (for instance, you are the executor of a friend's or relative's estate), report these fees on your Schedule 1 (Form 1040), line 8. 

You would enter the payment you received as the personal representative of an estate in TurboTax in the Miscellaneous Income section under Other Reportable Income. In the fields provided, enter a brief description, such as "personal representative fees" and the amount.

There isn't a provision in the tax law for the executor to deduct their expenses on their personal return. The expenses can be deducted either on an estate tax return or on the estate's income tax return. See this IRS webpage for more information.

See this TurboTax tips article for more information.