Question

1041 Trustee Fees Line Item & 1040 Reporting Trustee Fees Line Item

Two part question:

As Trustee charging trust fees on 1041 Simple Trust:

What line does one deduct Trustee Fees for irrevocable trust management?

Line 12 Fiduciary Fees?

Line 15a Other Deductions?

From income earned as Trustee on 1040 Personal Income:

What line does one report trustee income?

Line 21 Misc Income?

Line 12 for fiduciary fees on your 1041 and Line 8z (Schedule 1 - 1040 -other income) for the fiduciary reporting the fees on their 1040.

Thank you - I’ll populate and see how it appears.

Last year CPA I hired used line 15a with a statement for trustee fees on 1041 over 12, and I can’t figure out the difference.

There likely would be no difference.

However, Line 12 is specifically for fiduciary fees and expenses for administering an estate or trust.

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