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E
efee428
December 5, 2024
Question

Threshold for Conservatorship compensation

  • December 5, 2024
  • 1 reply
  • 0 views

Is there a threshold for reporting Conservatorship compensation? Mine was less than $1000 for 2024. Do I still need to report it as income?

    1 reply

    rjs
    rjs
    Employee
    December 5, 2024

    If you file a tax return you have to report all of your income, no matter how little it is. There is no threshold for income of any kind to have to be reported.


    To determine whether you are required to file a federal income tax return, go to Do I need to file a tax return? on the IRS web site.

     

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