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June 3, 2019
Question

As a Protector of a Trust, I earn 1/4ly payments from that trust. I did not get any paperwork but I know I need to file payments as income. Not sure what form to use

  • June 3, 2019
  • 2 replies
  • 0 views
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    2 replies

    fanfare
    Employee
    June 3, 2019

    Report as "Other Income".

    Employee
    June 3, 2019

    "Not sure what form to use"

    Assuming you are not a professional fiduciary, the total payments for the tax year will wind up on Line 21 of Schedule 1 of your Form 1040 (as Other income).