The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies


Subject:  Re: how to report Executor income Date:  9/4/2013  9:49 AM
Author:  2gifts Number:  119130 of 130021

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.
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us