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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