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Executor fee 1099 misc

executor fee 1099 misc

Deedee, late night, no caffeine?
Most of the estate falls within the living trust that was set up prior to decedents death.Thanks, Art and others.Re: executor's fees, posted by: DeeDee, January 20, 2008 10:56PM, oOPs, my mistake - the missing "NOT" has been inserted.I agree with Art.Thank you for any crack para xara web designer mx premium advice!Re: executor's fees, posted by: Boutwell, January 20, 2008 11:53AM, no 1099-misc is required unless the estate itself is engaged in a trade or business (for example, if the decedent was self-employed and would have been required to file for the same type of payment).This is NOT self employment income.The 1099-Misc is for payment of services performed in a trade or business by people not treated as employees.I would assume so, but just wanted to be sure.Re: executor's fees, posted by: Art, January 20, 2008 06:41AM.Add not after would, moderator: Art is referring to DeeDee's message as it read prior to a correction.Re: executor's fees, posted by: Herb, January 20, 2008 11:46AM.Re: executor's fees, posted by: DeeDee, January 20, 2008 06:24AM, any payment of 600 or greater should be reported on Form 1099-misc with the designation "Non employee compensation." The recipient, unless in the business of handling estates, would NOT report this on Sch.Here's another thread dealing with this same issue: m, sorry, only registered users may post in this forum.Secondarily, if the estate simply wanted to issue one, would it be 1099-misc, Other Income?
Trusts and estates are generally not treated as a trade or business and nonprofessional trustees are serving in a capacity that does not qualify as a trade or business activity for that individual. .
Executor's fees, posted by: vrober2000, January 20, 2008 06:07AM, does the estate have to give the executor a 1099 of any type for services?