Where do I report my trustee fees?

August 24, 2001

From:  Cecil VanDyke
Date:  Wed 01 Aug 2001

Where is the proper place to report fees earned as a Trustee of a Family Trust for 2001?

Thank you.

Cecil

Answer

Date:  17 Aug 2001

Hello Cecil,

Assuming you aren't in the trade or business of being a trustee, report the fees as "Other Income." This is line number 21 on Form 1040 for 2000.

Good luck!
Mike Gray

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