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March 5, 2022
Question

How and where do you enter "other income" received as compensation as a fiduciary or executor?

  • March 5, 2022
  • 1 reply
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1 reply

LenaH
March 5, 2022

To enter your compensation received as an executor, please follow the steps below:

  1. Open your return.
  2. Click on Federal on the left-hand side.
  3. Go to Income & Expenses
  4. Scroll to the bottom under Less Common Income select Start (or Revisit) for Miscellaneous Income.
  5. Scroll down to Other Reportable Income and click Start
  6. Follow the on-screen instructions.

Please note that if you are a professional executor, your income will have to be reported on a Schedule C, rather than in Other Income. If so, please follow the steps below to start a Schedule C:

  1. Search schedule c with the magnifying glass tool on the top of the page.
  2. Go to the Jump to schedule c link in the search results. 
  3. Answer Yes to the page titled, Did you have any self-employment income or expenses?
  4. Follow the on-screen instructions.
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