The executor's commjission on an estate is taxable income and I'm quite sure it is reported by the estate on 1099-MISC and I believe it is reported in box 3 because it is not subject to self employment tax, box 7, unless the recipient is in the business of being an executor, which my client is not. After much research I cannot find specifically that it is reported on box 3, or elsewhere, of the 1099-MISC. Looking for comments. Thank you.
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According to this article--No 1099-Misc is required to be file.
I have had many clients in the past, who reported Executor fees with no 1099's
https://www.bnncpa.com/resources/tax...-and-trustees/
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I haven't prepared an estate tax return in a long time. Is the estate in a trade or business? If not, perhaps it has no 1099-MISC reporting requirement.
Any one, any entity, CAN report via Form 1099-MISC. But, if it does, I don't think it's the estate's job to determine if the executor is or is not in the trade or business of being an executor.
https://www.irs.gov/pub/irs-prior/i1099msc--2019.pdf
Read "Trade or business reporting only" and "Box 7. Nonemployee Compensation."
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