As long as he's not in the trade or business of administering estates, it's 1040 line 21 other income. No 1099 required to be issued since the estate isn't operating a business. See the 1099-MISC instructions and Pub 529.Thanks. He's not in that as a trade, but is doing it for his aunt and his dad, and the estates are a bit intertwined.I'll go take a look at the publication now so that I know what's up.Thanks for the help. I knew this was the right place to ask.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra